Transactis raises USD 11 mln from investors

Friday 5 September 2014 00:46 CET | News

Technology company Transactis has raised USD 11 million in a new funding round.

The company plans to develop the technology and market reach of its online billing and payment application for B2B as well as retail companies.

The funding is from investment companies Safeguard Scientifics and Star Vest Partners, which specialize in financing ecommerce and technology companies. It brings to USD 40 million the total amount of outside investment in Transactis.

Transactis provides internet or cloud-based software, BillerIQ, for online bill presentment and payment services that companies can use to process electronic invoices and payments with business customers or individual consumers. Transactis also offers DocumentIQ, an internet-based digital document presentment and storage system.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Transactis, funding, online payments, e-invoicing, online bill presentment, electronic invoices
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce