Announcement From the Desk of David Baxter

Solutions by Text Secures $110 Million in Growth Round: What it Means for the Organization 

I am thrilled to announce that Solutions by Text has just secured a $110 growth round co-led by Edison Partners and StepStone Group, with participation from Stifel Venture Bank. This milestone is a testament to the hard work and dedication of our entire team, and I couldn’t be prouder of what we’ve achieved together. 

Beyond celebrating our past successes, this funding represents an exciting leap forward in our journey to revolutionize the industry. 

In today’s mobile-first, on-demand world, consumers reign supreme. With our innovative text messaging platform, we’re meeting consumers exactly where they want to be met, on their mobile device, in real-time. Our compliance-led approach sets us apart, making us the go-to solution for highly regulated markets. 

Since Edison Partners’ initial investment, Solutions by Text has consistently exceeded expectations, building unparalleled trust among regulators, carriers, and leading financial institutions. 

Some of our many achievements include: 

    • 95% YoY messaging volume growth 
    • 3X increase in bookings and revenue 
    • Successful launch and rapid acceleration of text-based payments 
    • On track to double messaging volume this year 

But this funding isn’t just about where we are now; it’s about where we’re headed. This growth sets the stage for expansion, broadening our reach and impact.  

For our team, this means more than just financial success. It’s a testament to our collective effort, our dedication to excellence, and our commitment to growth. Together, we’ve built something extraordinary. 

To our loyal customers, esteemed partners, and steadfast supporters: we extend our deepest gratitude. As we forge ahead, our path is paved with innovation. We have our eyes firmly fixed on the future and together, we’re not merely changing the game; we’re rewriting the playbook.  

 

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David Baxter

CEO, Solutions by Text

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