TIS (Treasury Intelligence Solutions GmbH), a Walldorf, Germany-based smart payments software as a service platform for managing corporate payments, liquidity and bank relationships worldwide, raised an additional €4m in Series B funding.
Backers included new shareholder Zobito, a Swedish VC firm specializing in enterprise software companies, and Munich, Germany-based venture capital firm Target Partners.
The company plans to use the funds to further its growth and gain additional market share in Europe by investing in marketing and sales and in the expansion of the cloud platform.
Co-founded in 2010 by CEO Jörg Wiemer, Wolfgang Kalthoff, Erol Bozak and Wytze Rijkmans, TIS provides medium-sized and large enterprises with a smart payments software as a service platform for managing corporate payments, liquidity and bank relationships worldwide. It is used by well known companies such as Volkswagen, Dachser or Fujitsu.
FinSMEs
21/05/2014