Treasury Intelligence Solutions, a Walldorf, Germany-based cloud platform for managing corporate payments and cash flows, raised $20m in financing.
The round was led by Aquiline Technology Growth, with participation from existing investor 83North. In conjunction with the funding, Michael Cichowski of Aquiline joined TIS’ Board of Directors.
The company intends to use the funds to further accelerate product development and to scale operations in Europe and in the US.
Founded in 2010 by Jörg Wiemer, CEO, TIS (Treasury Intelligence Solutions GmbH), is a global leader in managing corporate payments. Its solution is a cloud platform for company-wide payments and cash management. Many globally recognized organizations, including Adecco Group, Bertelsmann, Hugo Boss, Fresenius, Fugro, Lanxess, ManpowerGroup, OSRAM and QIAGEN, use TIS to standardize and analyze payment flows and to obtain liquidity overview throughout their organizations.