New Social Payment Network Founded in Virginia
11 September 2012
A group of five Richmond, VA-based entrepreneurs have founded a new social payment network called PaidThx. The network, which includes Android and iOS smartphone applications, will be launching to the public later this year. With PaidThx, users will no longer have to carry around cash or a checkbook -- just their smartphone. PaidThx is the first social payment network, and allows its users to transfer money with friends, family, and their favorite organizations quickly and easily. The new technology works similarly to online banking tools that are in the market today with one major difference: PaidThx users can send and receive money with all of their contacts, no matter where they bank. The network can be accessed from a smartphone, computer, or popular social media sites. Not only is PaidThx great for making everyday payments, but it can also be used for donations to charities and non-profit organizations. The founders include Thomas Eide (CEO), Rob Kirchner (COO), James Rhodes (CTO), Hugo Camacho (Executive Director of Finance) and Ryan Ricigliano (Executive Director of User Experience). Interested users can enter their e-mail address at to claim their PaidThx invite and be among the first to start using the new social payment network. PaidThx is also on Facebook ( and Twitter (