Addison-based Solutions by Text announced the addition of Rahul Gupta and Flint Lane to the company’s board of directors.
Solutions by Text, a messaging and payments platform for consumer finance, said the new board members bring a wealth of experience in the payments industry with both public and private companies, having served as leaders for Fiserv and Billtrust, respectively.
“As Solutions by Text continues to scale, Rahul and Flint’s industry expertise and unparalleled acumen will be invaluable in our next stage of growth,” CEO David Baxter said in a statement. “We’re thrilled to bring the depth of Rahul and Flint’s payments experience and leadership to our board and have their guidance as we forge ahead on our journey to transform how businesses communicate with their customers about bills.”
Gupta has more than 35 years’ experience in the financial services and fintech industries, most recently serving as CEO of RevSpring, a high-growth billing and payments provider in the healthcare vertical. Before that, for 10 years Gupta was EVP and group president at Fiserv, a Fortune 500 company in the payments and financial technology space. There, he was responsible for the company’s strategic payment businesses, including bill payment platforms.
“Consumers are increasingly interested in engaging with their financial providers through mobile and text channels,’ Gupta said in a statement. “Solutions by Text enables this engagement for hundreds of financial institutions and millions of consumers. I look forward to supporting the company on its growth trajectory as it continues to accelerate as a category leader.”
Offering ‘billers and consumers exactly what they need’
Lane founded Billtrust in 2001 after recognizing an untapped market for providing companies with a seamless way of transitioning their paper bills to a fully electronic solution. Before Billtrust he created Paytrust, which provided a service allowing individual consumers to receive and pay all of their bills online.
“Solutions by Text has an amazing solution that offers billers and consumers exactly what they need,” Lane said. “I’m excited to join the Solutions by Text board and support their journey to revolutionize the industry with seamless payment experiences.”
Solutions by Text said the appointments come at a pivotal moment in its growth journey, with the company having secured a $110 million growth round co-led by Edison Partners and StepStone Group earlier this year. Solutions by Text also recently announced a partnership with Glia to deliver an end-to-end compliant solution connecting financial institutions with consumers through sophisticated real-time messaging.
Solutions by Text said it has more than 750 customers across North America. It has doubled its text message output to customers and surpassed 1.7 billion messages sent through its platform within the last 12 months, it added.
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