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Online Payments

Vindicia raises USD 20 million in Series E financing round

Tuesday 2 November 2010 | 10:04 AM CET

US provider of billing services for online merchants Vindicia has gathered USD 20 million in series E financing, bringing the total amount raised to over USD 41 million.

The funding round has been led by new investor FTV Capital in partneship with existing investors.
With the capital raised in the latest funding round, Vindicia plans to further expand its sales, services and marketing teams across new market segments as well as reinforce existing agreements for the software, gaming, dating and digital content industries including Symantec, Intuit, Activision/Blizzard Entertainment, Atari/Cryptic, Fuel Industries, TransUnion Interactive and Encyclopædia Britannica.

Vindicia currently offers a range of payment methods including credit and debit cards, PayPal, InComm-based prepaid cards, Electronic Check (ACH in the US), European Direct Debit (ELV in Germany and Austria) and Boleto Bancario in Brazil to support both subscription billing and micro-transactions.

In recent news, US online gaming publisher Mind Candy has signed a deal with Vindicia to deploy the Vindicia CashBox solution for online billing management.
 

More: Link
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