Transactis Secures Financing For Future Growth

Published December 01, 2010, 1:26 p.m. EST

Updated December 01, 2010, 12:26 p.m. EST

1 Min Read

Transactis Inc. recently secured $7 million in financing from New York-based venture capital firm StarVest Partners that will enable it to focus on growing its electronic billing and loyalty programs, the electronic-billing technology company announced Nov. 30.

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Charlotte, N.C.-based Transactis says it plans to use the funds to drive further adoption of its electronic bill-pay platforms, BillMall and BillerExpress, and its respective digital coupon and loyalty platforms OfferIQ and LoyaltyIQ.

Transactis in September acquired OfferIQ, which is a mobile-coupon service provider for banks and merchants (see story).

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