E-invoicing news: Zumbox signs up Cash Cycle Solutions, Zuora secures $36 Million

November 17, 2011  |  Electronic Invoicing, North America

More e-invoicing news:

Zumbox signs up Cash Cycle Solutions for e-billing

Los Angeles-based Zumbox said signing up Cash Cycle Solutions meant bringing potentially 300 North American businesses to send bills and statements to consumers who have signed up for one of their digital mailboxes. Cash Cycle Solutions (CCS) is based in Charlotte, North Carolina, with roots in document management services.

The Zumbox option is being made available immediately to CCS customers alongside the existing line-up of electronic payment capabilities offered by CCS. Zumbox said using its digital mailbox to connect with consumers could help encourage more to go digital.

It means a consumer who has signed up for a free Zumbox will receive an exact copy of their paper bills in their digital mailbox.

Zuora raises $36 million in Series D Funding

Cements Leadership Position in Subscription Billing, Fuels International and Product Line Expansion to shift Companies Globally Away From ERP

Zuora, the subscription commerce and billing provider, announced to have received $36 million in a Series D round of funding. To date, the company has raised $82.5 million in funding.

The round was led by Index Ventures with additional investment from Greylock Partners and a personal investment from Dave Duffield, founder and co-CEO, Workday. Also Zuora’s existing also participated, including Benchmark Capital, Redpoint Ventures, Shasta Ventures, Tenaya Capital and Marc Benioff, chairman and CEO, salesforce.com.

Zuora invests the funding for international and product line expansions to meet the growth of what Zuora calls the global Subscription Economy. First Zuora rapidly expanding its European presence across the Netherlands, Germany, France and Ireland with new offices, staff and strategic partnerships.

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