Vindicia Raises $20 Million For On-Demand Billing Platform

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

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