Tuesday, April 1, 2008

Vindicia offers an integrated, on-demand billing and fraud management solution for online merchants has secured $5.6 million

What Company Is Offering:
Vindicia offers an integrated, on-demand billing and fraud management solution for online merchants. Vindicia CashBox is a best-of-breed billing system for creating and managing recurring and real-time payments and helps merchants improve customer retention and maximize profit. Vindicia ChargeGuard provides automated fraud screening and chargeback management services that enable merchants to recover lost revenue.

How Much They Got From VCs:
Vindicia, a leading provider of on-demand payment management software, announced that it has secured $5.6 million in series C financing. Leader Ventures co-led the financing in partnership with existing investor, DCM. Vindicia has raised a total of $8.7 million in equity since its inception.

Vindicia also announced that it has added a fraud screening module to its solution, enabling online merchants to adopt the more sophisticated commerce models required to build revenue (see related release, "Vindicia Delivers Next-Generation Billing and Fraud Management Offering for Online Merchants.") The Vindicia fraud screening module helps merchants identify and manage true fraud while limiting revenue-inhibiting "false positives." By optimizing the true fraud chargeback rate, merchants can focus on growing customer acquisition rates.

About VCs:
Leader Ventures is a private investment firm providing debt and equity financing to a diversified portfolio of private and public companies. With offices in San Francisco and Menlo Park, the firm invests primarily in the U.S. and employs a variety of loan and equity structures to invest in companies at different developmental stages, across diverse industry segments. For more information, please visit www.leaderventures.com.
DCM is an early stage venture capital firm supporting entrepreneurs building world-class technology companies. The firm's partners manage US$1.6 billion and have funded leading technology companies including 2Wire, 51job, @Motion (Openwave), About.com (The New York Times Co.), All About, Arroyo (Cisco), Clearwire, Dang Dang, eDreams (TA), Foundry Networks, HireRight, Internap, IPivot (Intel), JCI, Neopath Networks (Cisco), Neutral Tandem, nQuire (Siebel), PGP Corporation, Recourse Technologies (Symantec), Sigmatel, SMIC, Sling Media (EchoStar), VanceInfo and Vimicro. DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. For more information, visit www.dcm.com.

More at: www.vindicia.com

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