Treasury Intelligence Solutions: Raises $20 million
- TIS founded in Walldorf, Germany in 2010 a global leader in managing corporate payments
- Announced it has raised $20 million in additional financing led by Aquiline Technology Growth
- The round also included participation from existing investor 83North. Aquiline joins previous investors 83North
- The company plans to use the new funding to further accelerate product development and to scale operations in Europe and in the US
- TIS will further strengthen market leadership while leveraging sustainable competitiveness in combination with increasing network effects
- Additionally as part of the investment TIS will welcome Michael Cichowski of Aquiline to its Board of Directors