Transactis, a provider of electronic billing and payment solutions, has snagged $30 million in investment from Capital One, Fifth Third, PNC, TD, Wells Fargo and Safeguard Scientifics.
Inclusive of this funding, Transactis has raised $70 million to-date.
Transactis’ investors include Capital One, ff Venture Capital, Fifth Third Bank, MacAndrews & Forbes, Metamorphic Ventures, PNC, Safeguard Scientifics, StarVest Partners, TD Bank and Wells Fargo.
Transactis’ technology reaches more than 100 million households and businesses in North America.
There are more than 25 billion bills produced annually by more than 4 million companies in the U.S. alone, and only about a quarter of these bills are electronic, according to a 2015 Blueflame Consulting study.
Transactis transforms traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with efficient and cost effective digital alternatives.
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