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Vindicia provides subscription businesses with software to recover failed recurring payments and reduce churn.
Founded in 2003 and based in Redwood City, US, Vindicia develops payment recovery software for businesses in the subscription economy. Its Vindicia Retain product uses AI and machine learning to help recover failed recurring payments. The company raised USD 20.00 mn in Series E funding led by FTV Capital, with FTV Capital, Bertelsmann Capital Ventures, DCM, and ONSET Ventures among its investors. Amdocs acquired Vindicia on September 14, 2016, for an undisclosed amount.
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