Transactis Closes $8.2M Series C Financing
Transactis, Inc., a NYC-based provider of electronic billing and payment solutions, has closed an $8.2m Series C financing.
The round was led by a subsidiary of MacAndrews & Forbes Holdings Inc., Harland Financial Solutions, which recently entered into an alliance with Transactis to offer the BillerIQ solution as an enhancement to Harland’s suite of electronic payment offerings. Other investors in the company include StarVest Partners, Metamorphic Ventures and senior management.
Led by Joe Proto, CEO & Chairman, Transactis provides banks and corporations with a platform-as-a-service technology to securely process eBills and ePayments for businesses of all sizes.
The company intends to use the capital to enhance product features and functionality, invest in sales and marketing support, and add new channels for growth.