Vindicia, a company that provides an on-demand billing platform, has raised $20 million in series E funding led by FTV Capital with existing investors Bertelsmann Digital Media Investments, DCM and ONSET Ventures participating in the round. This investment brings the company’s total funding to $41 million.
Vindicia supports online merchants with a number of solutions to enhance the scalability, flexibility and compliance of their online billing services. The company markets subscription billing and fraud management solutions under the Software-as-a-Service model, delivering its software products to companies in the online gaming, social networking, virtual world and Internet dating space
Vindicia says that it will use the new funding to expand its sales, services and marketing teams. Clients include Boxee, Symantec, Intuit, Activision/Blizzard Entertainment, Atari/Cryptic, Fuel Industries, TransUnion Interactive and Encyclopedia Britannica.
Vindicia is a leading provider of SaaS billing, marketing & CRM solutions that help digital leaders optimize customer acquisition and retention through integrated marketing best practices. Products: Vindicia CashBox is a SaaS billing, marketing, CRM & analytics solution for creating, managing, tracking and optimizing recurring and one-time payments, campaigns, promotions and coupons, affiliate and parent-child accounts, fifo, tokens and microtransations, and that helps merchants maximize revenue through increased customer acquisition and retention. CashBox includes a global and interstate sales tax...