Vindicia provides an on-demand billing platform that delivers subscription billing and fraud-management software as a service. It supports online merchants in sectors such as online gaming, social networking, virtual worlds and Internet dating, emphasizing scalability, flexibility and compliance for online billing services. Clients include Boxee, Symantec, Intuit, Activision/Blizzard Entertainment, Atari/Cryptic, Fuel Industries, TransUnion Interactive and Encyclopedia Britannica. Vindicia said it will use the new funding to expand its sales, services and marketing teams. After the Series E, the company has raised $41 million in total funding. Vindicia provides online software to help companies manage web billing and payments via a SaaS model. Its core product is billing and payments software delivered online to handle subscription billing and associated issues such as fraud. Among its customers are Symantec, Intuit, Atari/Cryptic Studios, and Outspark. The company competes with Zuora and Aria Systems in bringing the SaaS approach to the billing market. Vindicia's executives say the product stands out in handling fraud and other billing difficulties. The company has said it will be profitable this year, projecting between $6 and $8 million in revenue. Vindicia is based in Redwood City, Calif.

Total raised

$28M

Funding rounds

2

Latest round

Series E

Latest activity

Nov 2010