Treasury Intelligence Solutions (TIS) has raised $20 million in additional financing led by Aquiline Technology Growth, an early and growth-stage fund managed by Aquiline Capital Partners.
TIS will use the investment from Aquiline and 83North for its global expansion.
The round also included participation from existing investor 83North, Target Partners and Zobito.
The cloud platform for managing corporate payments and cash flows, plans to use the new funding to further accelerate product development and to scale operations in Europe and in the US.
Jörg Wiemer, CEO and co-founder of TIS, says: “We are proud to have Aquiline on board alongside our existing investors. More than ever, companies who operate globally need to be able to rely on solutions that support their business-critical payment processes.”
“We have significant experience investing in modern payments businesses and believe that TIS is well positioned to meet the growing demand for innovation from chief financial officers and treasurers,” adds Jeff Greenberg, chairman and CEO of Aquiline Capital Partners.
Additionally, as part of the investment, TIS will welcome Michael Cichowski of Aquiline to its board of directors.
Many organisations already use TIS to standardise and analyse payment flows such as: Adecco Group, Bertelsmann, Hugo Boss, Fresenius, Fugro, Lanxess, ManpowerGroup, OSRAM and QIAGEN.
Read more: Pay.UK rolls out framework for Request to Pay services
Source: https://www.fintechfutures.com/2020/06/tis-raises-20m-for-its-b2b-payment-platform/
