Transactis Raises $11 Million Series D Financing Led by Safeguard Scientifics; Ranks #420 on 2014 Inc. 500|5000
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In addition, Transactis announced that it ranks #420 on the prestigious 2014 Inc. 500|5000 list of the fastest-growing, privately held independent businesses in the country, recognizing the company's 1,126 percent revenue growth between 2010 and 2013.
Transactis' cloud-based electronic bill presentment and payment ("EBPP") platform, BillerIQ, is a white-labeled solution that's offered "as-a-service", enabling businesses to rapidly and securely deliver electronic bills, invoices and documents, as well as accept payments online, by phone, and via mobile device. BillerIQ is an extremely flexible and scalable platform for businesses ranging from 50 bills a month to Fortune 50 companies with hundreds of thousands of bills a month, across a variety of industries including property management, healthcare, insurance, public sector, utilities and financial services. The deep functionality of BillerIQ helps companies improve both their business-to-consumer and their business-to-business payment management, increase collection yields and accelerate cash flow all while reducing costs.
Transactis has a strong history of partnering with some of the largest and most respected financial institutions, customer care print providers, and payment processors in the market. By working with these important groups, Transactis' offering is extended into the most critical aspects of cash and payment management within the biller community. Transactis exclusively sells through its network of resellers, comprised primarily of banks and BPO organizations. Transactis' growth is driven by its experienced team, strong reseller relationships, and BillerIQ's unique and comprehensive cloud-based platform.
"At Transactis, we are committed to improving the electronic billing and payment experience for our clients and their customers," said
"The electronic billing and payment market continues to see significant compound annual growth. We are still in the early stages of moving from offline, paper-based billing and payments to online. Mobile and cloud-based offerings like Transactis are accelerating this market trend," said
About Transactis
Transactis disrupts traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with more efficient digital alternatives. We go to market exclusively with resellers (financial institutions, technology companies, print and business process outsourcers) to provide their business customers with secure, configurable, white-label, industry-leading SaaS solutions. Transactis is more than a technology provider to our resellers – we are a full service business partner. We deliver a full suite of unmatched sales, marketing, technical and operational support, empowering our resellers to more successfully serve their clients.
The Transactis team includes executives, board members and advisors who are seasoned industry experts with decades of experience in the billing and payments industry. Transactis meets the strictest regulatory and compliance requirements including HIPAA, SSAE 16, PCI Level 1, and SOC 2. Transactis investors include
About
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Forward-looking Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. The risks and uncertainties that could cause actual results to differ materially include, among others, our ability to make good decisions about the deployment of capital, the fact that our partner companies may vary from period to period, our substantial capital requirements and absence of liquidity from our partner company holdings, fluctuations in the market prices of our publicly traded partner company holdings, competition, our inability to obtain maximum value for our partner company holdings, our ability to attract and retain qualified employees, market valuations in sectors in which our partner companies operate, our inability to control our partner companies, our need to manage our assets to avoid registration under the Investment Company Act of 1940, and risks associated with our partner companies, including the fact that most of our partner companies have a limited history and a history of operating losses, face intense competition and may never be profitable, the effect of economic conditions in the business sectors in which Safeguard's partner companies operate, and other uncertainties described in our filings with the
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