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Solutions by Text, a company enabling bill payments and loan applications via text messaging, has secured $110 million in funding. Relay, a business cashflow management platform, raised $24 million and $32.2 million in separate funding rounds. The funding for Solutions by Text was led by Edison Partners and StepStone Group, while Relay's funding was co-led by Bain Capital Ventures and Edison Partners.
Bootstrapped for over a decade, @BayAreaWriter reports that Solutions by Text just snagged $110M to make paying bills via text as easy as ghosting your ex. The co had 95% growth in '23 alone. More on @TechCrunch #Fintech https://t.co/cP8XlnNbDi
SME banking platform Relay raises $32.2m https://t.co/rUh2nEYNGQ
Today we’re announcing that Relay has raised a USD $32.2 million Series B, led by @BainCapVC. This brings Relay’s total funding to USD $51.6 million. This raise is a result of two things: our small business customers, whose ambition and ingenuity inspire us to build products… https://t.co/SmQ1xlAez3