The Santa Clara, Calif., online payment provider Billeo Inc. has received a second round of venture funding worth $7 million.
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Billeo said Wednesday that it plans to use the money to continue development of its system, which enables small businesses and consumers to manage online payments, as well as to expand its marketing efforts.
The funding was led by ATA Ventures. Mike Hodges, a venture partner with ATA, will join Billeo's board, the payment company said.
"Billeo's innovative approach to online payment offers consumers the greatest choice and control when transacting online," Mr. Hodges said in a press release.
