Transactis offers cloud-based, white-labeled SaaS products for bill presentment, payments and document management, including BillerIQ for electronic bill presentment and payments and DocumentIQ for digital document management and storage. The company sells exclusively through resellers such as financial institutions, technology companies, printers and business process outsourcers, providing white-label solutions plus sales, marketing, technical and operational support. Transactis reports having reached more than 100 million households and businesses in North America. It intends to use the new capital to continue expanding operations. The company has now raised $70M in total funding to date. Transactis is a NYC-based provider of electronic bill presentment and payment solutions. It offers BillerIQ, a cloud-based electronic bill presentment and payment platform delivered as a service, enabling businesses to deliver electronic bills, invoices and documents and accept payments online, by phone and via mobile device. The platform is used across industries including property management, healthcare, insurance, the public sector, utilities and financial services. Transactis sells exclusively through a network of resellers, primarily banks and BPO organizations. The company recently closed an $11M Series D and plans to use the funds to expand sales, marketing and client services and to accelerate product development. To date the company has raised $40M in total and is led by CEO & Chairman Joe Proto. Transactis is a NYC-based provider of electronic billing and payment solutions. Led by CEO and Chairman Joe Proto, the company offers a platform-as-a-service technology to securely process eBills and ePayments for banks and corporations. It serves businesses of all sizes with its BillerIQ solution. The company closed an $8.2M Series C financing to support growth. Transactis intends to use the capital to enhance product features and functionality, invest in sales and marketing support, and add new channels for growth. Transactis provides electronic billing, payment, and marketing SaaS products, including BillMail and BillerExpress, and after acquiring OfferIQ also offers OfferIQ and LoyaltyIQ virtual couponing and loyalty solutions. The company works with banks and their merchants to convert paper-based billing, payment, and coupon transactions into electronic interactions. Founded in 2001 and based in Charlotte, North Carolina, Transactis targets small and medium-sized businesses with affordable invoice distribution and payment collection. Customers include Chase Paymentech, PNC, Wells Fargo, Elevon, and TD Bank. The new capital will be used to drive adoption of its SaaS platforms. Leadership includes CEO Joe Proto and executives Paul Harkins and Scott Cruikshank. Transactis offers Electronic Bill Presentment and Payment (EBPP) solutions that enable secure electronic bill delivery and integrated payment processing. Its core product helps banks and payment processors replace paper bills and payments for small and middle‑market clients. The company emphasizes flexible, integrated payment processing to support client workflows. Management includes Chairman and CEO Joe Proto, who was among the participants in the recent financing. Transactis received a $2.5M capital infusion to provide additional working capital. The funding is intended to support the company’s growing relationships with major banks and payment processors and to accelerate deployment of its EBPP services.

Total raised

$59M

Funding rounds

5

Latest round

Series E

Latest activity

Apr 2016