Solutions by Text (SBT) was recently named winner of the Best Payment Facilitator Solution as part of the 2025 FinTech Breakthrough Awards.

SBT was recognized for its FinText text and payments platform, providing a cutting-edge solution for the consumer finance industry.

SBT can help how consumers interact with companies through a graphically-rich, interactive, and highly secure text solution. Powered by SBT, the company said consumer finance organizations are having good conversations that pay off. They can engage with their customers directly in their messages with text and images that rival those of the best websites and apps.

The company said today’s customers love texting and loath email, which has become little more than a junk mail repository.

SBT harnesses this preference by creating a better bill pay experience for both customers and financial institutions alike.

By focusing on compliance as well as convenience, SBT’s FinText platform streamlines the entire experience, from sending payment reminders to initiating and authorizing payments — all directly within a text message.

With FinText, SBT serves more than 800 customers in the consumer finance industry, including banks, credit unions, auto finance companies, and credit card issuers, with a seamless and optimized experience for compliance-first messaging and integrated text payments.

“With SBT, consumer finance organizations get real results,” Solutions by Text CEO David Baxter said. “Financial institutions no longer need to rely on low-yield communication methods such as phone calls, mail, emails, and apps to build customer relationships.

“Instead, our platform provides the most immediate, accessible, and effective channel to connect and drive response. Because, at the end of the day, good conversations pay off,” Baxter continued.

This recognition from FinTech Breakthrough comes amidst significant momentum for SBT.

In 2024, SBT achieved record industry results, including 60% year-over-year revenue growth, more than 100% year-over-year messaging volume growth, and surpassing the “Rule of 40” benchmark for the third consecutive year.

Now in its ninth year, the annual FinTech Breakthrough Awards program honors the most innovative products, companies and individuals in the global financial services and technology industries.

Focusing on the breakthrough fintech companies that are at the forefront of financial innovation with breakthrough technology, the 2025 award program attracted more than 4,500 nominations from across the globe.