Transactis Gets $11 Million Boost

Transactis, which pushes its BillerIQ online billing and payment system, has received $11 million in new venture capital from investment firms Safeguard Scientifics Inc. and Star Vest Partners, Internet Retailer reported.

That makes the total Transactis outside investments worth $40 million, the site reported.
Said Transactis CEO Joe Proto: “This funding allows us to expand Transactis’ products and services as we continue to grow our presence in the marketplace through our reseller partnerships.”

“Transactis sells its software only through resellers, including banks and bill-processing services organizations, that can offer BillerIQ under their own brand names,” the story reported. “The technology is designed to enable online bill presentment and payment on mobile devices as well as desktop computers. It also supports payment acceptance via telephone.”