Printer Friendly

Transcepta Closes $3 Million in Series A1 Funding.

ALISO VIEJO, Calif. -- Transcepta, LLC, the leading innovator in Electronic Invoice Presentment and Payment (EIPP) announced today that it has closed a second round of funding totaling $3 million. The round was led by Tech Coast Angels, which also led Transcepta's first round of funding in 2005. The capital will be used to expand Transcepta's infrastructure and marketing efforts. "We've experienced tremendous customer momentum in a short period of time. It's now appropriate to scale the service," said Ray Parsons, CEO of Transcepta.

Like many invoicing and electronic payment vendors, Transcepta offers a service that enables Business to Business customers to send invoices electronically or by post. The service also enables "Invoicers" to receive electronic payments from their customers via ACH bank transfer or credit card. Transcepta is quite unique however in that it can be implemented over the web in about an hour.

Shan Haq, Transcepta's Director of Product Management, offers this advice to businesses looking for an invoicing and payment solution, "If a vendor says he needs to send someone to your facility to implement a solution, then you should probably keep searching because you're going to have quite a project on your hands. The vendor could be onsite for weeks or even months."

Transcepta's service integrates seamlessly with virtually any accounting package. Current customers are using systems including QuickBooks, Great Plains, Profit 21, and various homegrown systems.

About Transcepta

Transcepta, LLC was formed in June 2005 with the mission of creating an easy-to-implement, on-demand, Electronic Invoice Presentment and Payment (EIPP) solution accessible to businesses of all sizes. With Transcepta, businesses can now implement EIPP at a low cost while realizing a remarkable ROI. Transcepta is located in Aliso Viejo, CA and is financially backed by strategic investors including the premier Southern California angel investing group, Tech Coast Angels.

For more information, please contact or call 949.330.6750. Transcepta can be found online at
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 18, 2006
Previous Article:BMW Extends Adoption of MOST(R) Multimedia Networking Technology to X5, R56 MINI & 3 Series Coupe Models.
Next Article:World's Leading Producer, Distributor of Flooring Products, Mohawk Industries Signs with Harbor Payments for Accounts Receivable Automation.

Related Articles
ACE Funding Ltd. Assigned AA-/A-1+ Rtgs by S&P.
Transcepta Signs Worldwide Licensing Agreement with Esker; Esker technology enables Transcepta to help businesses of all sizes invoice and send...
Transcepta Launches Unique Hosted Electronic Invoice Presentment and Payment Service; Enables Electronic Invoicing without the Need for IT or Upfront...
Company Profile for Transcepta.
Fitch Rates $751.7MM Lehman Mortgage Trust Mtge P-T Ctfs, Series 2006-7.
Transcepta Listed as a "Leading Electronic Invoice Presentment and Payment (EIPP) Vendor".
Transcepta Streamlines Invoicing and Electronic Payments for Distributors with New Hosted Service.
Transcepta LLC.
Air pre-cleaner kits.
New Electronic Invoicing Community Brings Trading Partners Together.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters