B2B payments company TIS secures €50m debt financing

Treasury Intelligence Solutions (TIS), a German B2B payments company, said it has entered into a credit facility with Kreos Capital to provide up to 50 million euros ($53.5 million) in funding, it announced on Tuesday 7 June a press release, which will fund TIS for product innovations, potential acquisitions and expansion.

The debt financing, which closed in early May, comes after TIS raised $40 million in equity financing.

TIS CEO Erik Masing said, “The funding comes at an ideal time for TIS as we seek to expand our geographic footprint, enter new verticals and expand core platform capabilities.

Bastienne Foeller, TIS CFO, said the approval of the loan facility showed “a high level of confidence in the strength of our business, the capabilities of our team and our overall strategy”.

“With Kreos as a funding partner, TIS will have the ability to quickly execute our strategic initiatives while having the flexibility to respond to new opportunities as they arise,” Foeller said.

Sean Dunne, general partner of Kreos, cited TIS’ expertise in “enterprise B2B payments, cash management and fraud prevention solutions” as reasons the funding was a good idea.

TIS uses a cloud-based platform to streamline outbound payments for global corporations, banks, and trade vendors.

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Last year, Deutsche Bank partnered with TIS to help modernize its business banking offering, including its anti-fraud services.

Deutsche has integrated TIS’ technology for treasury and finance with a focus on making “value-added products and services” for corporate customers.

“Leveraging both enterprise and community data to solve key challenges, such as fraud prevention, with Deutsche Bank is a big win for our customers,” said Co-Founder and Chief Information Officer. TIS products, Erol Bozak, in a statement.

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