Transactis, a New York, NY-based provider of electronic billing and payment solutions, raised $30m in Series E funding.
Backers including five U.S. commercial banks Capital One, Fifth Third Bank, PNC Bank, TD Bank, and Wells Fargo as well as vc firm Safeguard Scientifics (which raised an $11m Series D round in 2014), invested an equal amount in the round.
The company, which has now raised $70m in funding, intends to use the capital to continue to expand operations after having reached more than 100 million households and businesses in North America.
Led by Joe Proto, chairman and CEO, Transactis provides:
– BillerIQ, a cloud-based electronic bill presentment and payment platform, a white-labeled solution that enables businesses to deliver electronic bills, invoices and documents, as well as accept payments online, by phone, and via mobile device, and
– DocumentIQ, a digital document management and storage solution that provides companies of all sizes with the capability to transform, archive and present any document electronically and reduce print and storage costs.
The company markets its solutions exclusively with resellers — financial institutions, technology companies, printers and business process outsourcers — providing their customers with white-label SaaS solutions, and a suite of sales, marketing, technical and operational support.
Investors in Transactis also include ff Venture Capital, MacAndrews & Forbes, Metamorphic Ventures, and StarVest Partners.