Solutions by Text: Funding, Investors & Team (Oct 2026)
Established in 2008, Solutions by Text (SBT) strives to provide impactful conversational messaging for businesses via SMS. SBT is known for prioritizing compliance and is the leading enterprise texting provider in the industry. With a customer base of more than 1500 clients in Consumer Finance and regulated markets, SBT received a strategic investment from Edison Partners in 2021 to drive growth as the pioneering FinText™ company. The company's ultimate goal is to introduce real-time payments through the SMS platform, enhancing the payment experience for both clients and their customers.
Solutions by Text has raised $110M across 1 funding round on record, the most recent an undisclosed round of $110M announced in May 2024.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Solutions by Text Company Profile and Key Stats
Latest funding round on record: May 2024.
Solutions by Text Funding Rounds
Solutions by Text Founders and Leadership Team
Contact details for the Solutions by Text team: 1 of 1 has an email address on file.
Start 14-day free trial →Solutions by Text Funding Compared to Other Financial Services Startups
Solutions by Text's latest round of $110M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Solutions by Text Funding FAQs
What does Solutions by Text do?
Established in 2008, Solutions by Text (SBT) strives to provide impactful conversational messaging for businesses via SMS. SBT is known for prioritizing compliance and is the leading enterprise texting provider in the industry. With a customer base of more than 1500 clients in Consumer Finance and regulated markets, SBT received a strategic investment from Edison Partners in 2021 to drive growth as the pioneering FinText™ company. The company's ultimate goal is to introduce real-time payments through the SMS platform, enhancing the payment experience for both clients and their customers.
How much funding has Solutions by Text raised?
Solutions by Text has raised $110M across 1 round on record. The most recent is an undisclosed round of $110M announced in May 2024.
When did Solutions by Text last raise funding?
Solutions by Text's most recent funding round on record is an undisclosed round of $110M, announced in May 2024.
Who founded Solutions by Text?
FundedIQ lists Mike Cantrell (Founder) at Solutions by Text.
Where is Solutions by Text headquartered?
Solutions by Text is based in Dallas, Texas, United States.
How many employees does Solutions by Text have?
Solutions by Text is in the 101-250 employee band.
How does Solutions by Text's funding compare to other Financial Services startups?
Solutions by Text's latest round of $110M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Solutions by Text Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Solutions by Text is left off this page rather than filled in.
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