Solutions by Text Secures $110M Funding for Growth and Expansion

Solutions by Text Raises $110M in Growth Financing

Key Highlights:

• Growth Financing: Solutions by Text, a compliance-first messaging and payments platform provider, secured $110 million in new growth financing.
• Investors: Edison Partners and StepStone Group co-led the transaction, with a lending facility provided by Stifel Venture Bank.
• Strategic Goals: The funding will be used to accelerate growth with large financial institutions, enhance payments and artificial intelligence capabilities, and explore potential acquisitions.

Solutions by Text's Target Market

• Enterprise Financial Services Companies: Targeting large financial institutions and consumer finance organizations.
• Compliance-Focused Organizations: Companies seeking compliance-first messaging and payments solutions to mitigate legal and reputational risks.
• Financial Service Providers: Organizations looking to enhance messaging and payments performance throughout the consumer lifecycle.

What Solutions by Text Needs to Buy

• Partnerships with Financial Institutions: Collaborating with large financial institutions to expand their customer base and market reach.
• Artificial Intelligence Solutions: Investing in AI technologies to enhance their platform's capabilities and provide advanced features to customers.
• Acquisition Opportunities: Exploring potential acquisitions to expand their offerings and enter new markets.