Five leading banks, Safeguard Scientifics invest in $30 million Series E in Transactis

Tom Paine

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Today, Transactis announced that 5 major banks, Capital One, Fifth Third, PNC, TD, and Wells Fargo, along with Radnor-based Safeguard Scientifics, had participated in a $30 million financing as part of a Series E round into the New York-based company, a provider of electronic billing and payment solutions.

Each bank, along with Safeguard, invested an equal amount in Transactis as part of the Series E financing. Transactis has now raised $70 million, including this financing.

Safeguard led Transactis’ Series D financing in August 2014.

Transactis says it reaches more than 100M households and businesses in North America.