Treasury Intelligence Solutions secured $20M in funding from Aquiline Technology Growth

Treasury Intelligence Solutions

Treasury Intelligence Solutions (TIS), a cloud platform for managing corporate payments and cash flows, has secured $20 million in funding round.

The Aquiline Technology Growth led the latest funding round. Other participant investors include 83North.

Walldorf, Germany based Treasury Intelligence Solutions was founded in 2010. TIS is a pioneer in managing corporate payments. It offers a cloud platform for company-wide payments and cash management. The company has raised a total of $21.1M in funding over 4 rounds to date, according to CrunchBase.

Its client base includes the Bertelsmann, ManpowerGroup, QIAGEN, Fugro, Fresenius and OSRAM.

Executive Opinion

Jörg Wiemer, CEO, and co-founder of TIS said, "We are proud to have Aquiline on board alongside our existing investors. This investment will help accelerate our growth. More than ever, companies that 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 will further strengthen market leadership while leveraging sustainable competitiveness in combination with increasing network effects."

Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline Capital Partners, said, "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."

Treasury Intelligence Solutions's Latest Funding

Post funding, Michael Cichowski, the Managing Partner at Aquiline Technology Growth, will join Treasury Intelligence Solutions, Board of Directors team.

The company, as of now, has plans to use the new funds to accelerate product development. TIS will also intend to scale its operations in the US and Europe regions to meet growing demand, notes the announcement.
PC: Pablo, Unsplash

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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