Solutions by Text Wins Prestigious FinTech Breakthrough Award
The industry's leader in compliant conversational commerce, Solutions by Text (SBT), has recently garnered notable recognition as the premier solution for business communications. The company, known for its innovative approach, was awarded the 2025 FinTech Breakthrough Award for their groundbreaking solution, the "Best Payment Facilitator Solution." This award signifies the impressive strides SBT has made in enhancing how the consumer finance industry interacts with customers.
SBT's revolutionary FinText™ text and payments platform stands at the forefront of this transformation. With its user-friendly and highly secure interface, FinText is a comprehensive tool designed to improve customer engagement in the financial sector. SBT has effectively changed the way customers converse with organizations by incorporating visually appealing text messages, enabling rich interactions that rival traditional websites and apps.
In an age where consumer preferences are evolving, SBT capitalizes on the widespread preference for texting over emails, which often end up unnoticed in spam folders. By focusing on compliance alongside user convenience, SBT has streamlined the entire communication experience. From sending timely payment reminders to allowing customers to authorize transactions all within a text message, SBT provides solutions tailored to meet the needs of both consumers and financial institutions.
Currently, SBT supports over 800 clients encompassing various entities in the consumer finance arena, such as banks, credit unions, auto finance firms, and credit card issuers. The platform is designed to ensure that these organizations can maintain compliance while effectively communicating with their customers.
David Baxter, CEO of Solutions by Text, emphasized the value their platform brings to financial institutions. He remarked, "With SBT, consumer finance organizations get real results. Financial institutions no longer need to rely on low-yield communication methods like phone calls or email blasts to cultivate customer relationships. Our platform offers the most immediate, accessible, and effective way to connect and stimulate engagement. Good conversations truly pay off."
The recognition from the FinTech Breakthrough Awards comes at a time of unprecedented growth for SBT. In recent evaluations, the company reported staggering growth rates, including a remarkable 60% increase in year-over-year revenue and more than 100% year-over-year growth in messaging volume. These achievements have allowed SBT to surpass the esteemed "Rule of 40" benchmark for three continuous years, reinforcing its position as a leader in the industry.
The FinTech Breakthrough Awards have been recognizing innovation in the financial technology sector for nine years, showcasing the most cutting-edge products, individuals, and companies across the globe. The 2025 awards attracted over 4,500 submissions, highlighting the competitive nature of the accolades.
About Solutions by Text
Solutions by Text (SBT) enables consumer finance organizations to create effective and convenient communications with their customers across multiple channels. The organization’s conversational commerce platform fosters meaningful conversations, which lead to measurable outcomes. Designed with compliance and scalability in mind, SBT helps clients achieve impressive results, such as up to a 400% return on investment and a dramatic 97% reduction in the time it takes to generate revenue. Their motto, "Good conversations pay off," encapsulates the essence of their service. For more information, visit solutionsbytext.com.
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Frequently Asked Questions
What is Solutions by Text known for?
Solutions by Text is recognized as a leader in compliant conversational commerce, offering innovative solutions for business communications.
Which award did Solutions by Text recently win?
They won the 2025 FinTech Breakthrough Award for "Best Payment Facilitator Solution."
How does SBT's FinText platform improve communication?
The FinText platform enhances customer engagement through interactive, secure text messaging that integrates seamlessly with payment solutions.
What impact has SBT had on the consumer finance industry?
SBT has transformed consumer finance communication, moving organizations away from traditional methods to an efficient text-based approach.
What are some achievements of SBT in recent years?
SBT achieved significant growth, including 60% year-over-year revenue growth and surpassing the "Rule of 40" benchmark for three consecutive years.
