Treasury Intelligence Solutions (TIS) has agreed a debt facility of up to €50 million with Kreos Capital to fund ambitious growth plans. In a statement, TIS said it would use the new funding for, 'New product innovations, potential acquisitions, and continued geographic expansion.' The debt financing comes in addition to $40 million in equity financing previously raised by the Heidelberg-based business.
Erik Masing, CEO of TIS, said, 'The funding comes at the perfect time for TIS as we look to expand our geographic footprint, push into new verticals, and extend core platform capabilities. We look forward to working with Kreos on executing our strategy.”
Sean Dunne, General Partner of Kreos Capital, described TIS as, 'An industry leader in enterprise B2B payments, cash management, and fraud prevention solutions. We look forward to working with the management team to achieve their growth objectives.'
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