Solutions by Text (SBT), the premier platform for compliant messaging and payment solutions in consumer finance, has appointed industry experts Rahul Gupta and Flint Lane to its board of directors. These seasoned leaders, formerly of Fiserv and Billtrust, bring extensive knowledge and strategic expertise in the payments industry.
“As SBT continues its rapid growth, the addition of Rahul and Flint’s exceptional industry acumen is pivotal for our next phase,” said David Baxter, CEO of Solutions by Text. “Their deep payments expertise will greatly benefit our mission to transform how businesses engage with their customers on billing matters.”
Rahul Gupta’s Proven Expertise
Gupta, with over 35 years of financial services and fintech experience, previously served as CEO of RevSpring, a leader in billing and payments in the healthcare sector. His decade-long tenure at Fiserv, where he was EVP and Group President, saw him overseeing strategic payment solutions, including market-leading bill payment platforms.
“Consumers increasingly prefer mobile and text-based interactions with their financial service providers,” Gupta stated. “SBT empowers this type of engagement for hundreds of institutions and millions of users. I’m excited to support their growth as they solidify their leadership in this space.”
Flint Lane’s Legacy in Payments Innovation
Lane, a pioneer in the payments industry, founded Billtrust in 2001 to offer seamless electronic billing and payment solutions. Before that, he launched Paytrust, enabling consumers to manage and pay all bills online.
“SBT’s solution meets the essential needs of billers and consumers,” said Lane. “I’m eager to contribute to their vision of transforming payment interactions.”
Strategic Growth and Partnerships
These appointments coincide with significant milestones for SBT. Earlier this year, the company secured $110 million in a growth investment round co-led by Edison Partners and StepStone Group. Additionally, SBT has partnered with Glia to offer a comprehensive, compliant, real-time messaging solution for financial institutions.
Serving over 750 clients across North America, SBT has doubled its messaxsging volume, surpassing 1.7 billion messages sent in the last 12 months, underscoring its role as a trusted leader in regulated markets.
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