German Fintech agency TIS (Treasury Intelligence Options), which gives a cloud-powered platform for dealing with cash flows and company funds, has acquired $20 million in further funding.
TIS’ newest funding spherical was led by Aquiline Expertise Progress. Current investor 83North additionally made contributions.
TIS’ administration famous that the capital raised will probably be used to assist the agency’s ongoing product improvement efforts and in addition to increase its enterprise operations throughout Europe and the US.
TIS, which was based in the identical city (Walldorf) as SAP, the world’s third-largest software program agency, presently works with established purchasers, together with Adecco Group, Bertelsmann, Hugo Boss, ManpowerGroup.
Jörg Wiemer, co-founder and CEO at TIS, acknowledged:
“More than ever, companies who operate globally need to be able to rely on solutions that support their business-critical payment processes. Thanks to the growing number of corporates, banks and service providers already using our cloud platform, TIS [could potentially] further strengthen market leadership while leveraging sustainable competitiveness in combination with increasing network effects.”
Michael Cichowski from Aquiline will probably be taking a seat on TIS’ board of administrators, as a part of the deal.
Established in 2010, TIS focuses on managing company funds. Final 12 months, it was named by the Monetary Instances as certainly one of “Europe’s Fastest Growing Companies.”
TIS’ platform is a Software program-as-a-Service (SaaS) answer, which the corporate describes as “a comprehensive, highly-scalable, cloud platform for company-wide payments and cash management.”
For companies, TIS goals to create and assist “a community of trust and empowers customers to make better decisions with 100% real-time cash flow visibility.”
In line with TIS, the principle advantages of its providers are lowered operational prices, threat prevention, higher transparency and quick worldwide product launches.