Transactis Raises $2.5M

Transactis, a Charlotte,NC-based provider of Electronic Bill Presentment and Payment (EBPP) solutions, received $2.5m funding.
The round was led by Metamorphic Ventures, a New York City-based venture capital fund, with participation from existing company shareholders, directors, and advisors – including Transactis Chairman and CEO Joe Proto.
The capital infusion provides additional working capital to support the company’s growing relationships with major banks and payment processors.
In particular, Transactis will continue to support banks and payment processors in replacing paper bills and payments for their small and middle market clients with secure electronic bill delivery and flexible, integrated payment processing.

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