On demand payment software, Vindicia has raised a healthy $7.5 Million in its fourth round of funding. The round was led by ONSET Ventures along with participation from existing investors; DCM, Leader Ventures and Bertelsmann Digital Media Investments. The company utilizes the SAAS model to help provide fraud management solutions and its customers include companies that are related to social networking, virtual worlds and online gaming. ONSET ventures GP, David Lane and Keith Titan of BDMI will take place in the company’s board of directors.
