When was Solutions by Text founded?

Solutions by Text was founded in 2004 and raised its 1st funding round 17 years after it was founded.

Where is Solutions by Text located?

Solutions by Text is headquartered in Dallas, United States.

How many employees does Solutions by Text have?

As of Aug 31, 2026, the latest employee count at Solutions by Text is 199.

Is Solutions by Text a funded company?

Solutions by Text is a funded company, having raised a total of $145M across 3 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Nov 30, 2021.

When was the latest funding round of Solutions by Text?

Solutions by Text's latest funding was a $***** Conventional Debt round on May 29, 2024, with participation from 1 investor.

Where does Solutions by Text rank among its competitors?

Solutions by Text ranks 142nd amongst 5913 active competitors, of which 509 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Solutions by Text?

Solutions by Text's top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

Solutions by Text - 2026 Company Profile, Team, Funding & Competitors

Solutions by Text is a series D company based in Dallas (United States), founded in 2004 by Danny Cantrell. It operates as a Text API for payments via text messages. Solutions by Text has raised $145M in funding from Edison Partners. The company has 5913 active competitors, including 509 funded and 479 that have exited. Its top competitors include companies like PayPal, Stripe and Razorpay.

Company Details

Solutions for text offers text API for payments via text messages. Provides billing reminders, payments, collections, and marketing text solutions for businesses. Allows users to send mass automated text messages.

Website: solutionsbytext.com
Email ID: *****@solutionsbytext.com
Phone Number: +1 **********

Key Metrics

Founded Year

2004

Location

Dallas, United States

Stage

Series D

Total Funding

$145M in 3 rounds

Latest Funding Round

Conventional Debt, May 29, 2024, $*****

Investors

Edison Partners & 2 more

Ranked

142^nd among 5913 active competitors

Employee Count

199 as on Aug 31, 2026

Similar Companies

Flutterwave & 3711 more

View Solutions by Text's full profile

Solutions by Text has raised a total funding of $145M over 3 rounds. Its first funding round was on Nov 30, 2021. Its latest funding round was a Conventional Debt round on May 29, 2024 for $*****. 1 investor participated in its latest round. Solutions by Text has 3 institutional investors.

Here is the list of recent funding rounds of Solutions by Text:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 29, 2024	3396061	Conventional Debt	1890892	4930736	9412062	1698087
May 29, 2024	4882082	Series D	7705255	7090530	1777553	StepStone Group
Nov 30, 2021	4404221	Series C	6848374	7254879	Edison Partners	Stifel

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View details of Solutions by Text's funding rounds and investors

The founders of Solutions by Text is Danny Cantrell.

Here are the details of Solutions by Text's key team members:

Danny Cantrell: Founder of Solutions by Text.
Contact Info: 1 email address

View details of Solutions by Text's Founder profiles and Board Members

Solutions by Text's employee count trend

Solutions by Text has 199 employees as of Aug 26. Here is Solutions by Text's employee count trend over the years:

Employee count trend for Solutions by Text

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Top competitors of Solutions by Text include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of Solutions by Text, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
7th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	81/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 186 others	80/100
9th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
10th	Mercado Pago 2003, Buenos Aires (Argentina), Series D	Provider of online payment processing and digital financial services	$233M	Goldman Sachs, Citi & 1 others	77/100
142nd	Solutions by Text 2004, Dallas (United States), Series D	Text API for payments via text messages	$145M	Stifel, StepStone Group & 1 others	57/100