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Online payments company Braintree raises $34M from Accel

Online and mobile payments company Braintree banked $34 million today in a funding round from Accel Partners. The Chicago-based company got started in 2007 and now claims a $3 billion run rate in transaction volume. This marks Braintree’s first institutional round of funding.

Vindicia raises $20M for online payments business

Online payments company Vindicia has raised $20 million in a fifth round of funding as it tries to match the rapid growth of online merchants in the age of digital distribution.