Sector(s): Payments
Status: Exit to MasterCard
StarVest Company Since: November 2010
Company Founded: 2001
Company
Transactis transforms traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with efficient and cost effective digital alternatives. Transactis goes to market exclusively with resellers—financial institutions, technology companies, printers and business process outsourcers—to provide their customers with secure, configurable, white-label, industry-leading SaaS solutions. More than a technology provider to resellers, Transactis is a full-service business partner, delivering a broad and deep suite of sales, marketing, technical and operational support, empowering resellers to more successfully serve their clients. Transactis meets the strictest regulatory and compliance requirements including HIPAA, SSAE 16, PCI Level 1, and SOC 2. Transactis has received the Inc. 500 Award, Deloitte Technology Fast 500 Award, AlwaysOn OnFinance Top 100 Award, Red Herring Top 100 Award, ‘Cool Vendor’ by Gartner and PYMNTS Innovation Award.
Transactis’ investors include Capital One, ff Venture Capital, Fifth Third Bank, MacAndrews & Forbes, Metamorphic Ventures, PNC, Safeguard Scientifics, StarVest Partners, TD Bank and Wells Fargo.
Joe Proto, CEO
Joe Proto became Chairman and Chief Executive Officer of Transactis Inc. in 2007 as a senior executive and successful entrepreneur for three decades in the billing and payments industry. Prior to Transactis, he launched REMITCO, a remittance processing company which was acquired in 2000 by First Data, as well as Financial Telesis (CashFlex) which was acquired in 1992 by CoreStates, now part of Wells Fargo. Mr. Proto also co-founded Windham Ventures (an innovation leader in life sciences technology), and is an LP with Metamorphic Ventures (focused on transactional media). Joe is a member of various financial services associations and has been a frequent speaker at conferences in the payments industry. He was recently elected to serve as the B2C Co-Chair of the Steering Committee for NACHA’s Council for Electronic Billing and Payment. Joe also sits on the board of billmyparents (BMPI:US), the company behind the prepaid SpendSmart™ MasterCard that allows enables parents to fund, track and control their teen’s spending.