Vindicia has raised a $20 million Series E round of investment funding lead by FTV Capital with participation from existing investors Bertelsmann Digital Media Investments, DCM, and ONSET Ventures. This round brings Vindicia’s total funding to $41 million. Vindicia offers online merchants solutions that enhance the scalability, flexibility, and compliance of their online billing services.
Vindicia also markets subscription billing and fraud management solutions under the Software-as-a-Service model. Vindicia delivers its software solutions to companies in the online gaming, virtual worlds, social networking, and Internet dating space. Vindicia plans to use its funds to expand its sales, services, and marketing teams.
Major Vindicia clients include Activision Blizzard and Cryptic Studios’s Atari-published MMOs. Other clients include the virtual world Arbopals and social game developer HitGrab. Vindicia also supports InComm’s CashBox service, which lets users pay subscription and other fees using InComm’s prepaid cards.
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