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Treasury Technology News

TIS buys Cashforce

16/6/2022

 
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Treasury Intelligence Solutions (TIS) has acquired cash forecasting specialist Cashforce for an undisclosed sum. The news comes just days after TIS announced €50m in new funding from Kreos Capital. 

The two companies had already been close collaborators with several clients using both solutions. Now Cashforce's cloud solution will be fully integrated with TIS's SaaS payments platform. 

Erik Masing, Group CEO of TIS, described the acquisition as ‘A natural extension of our business that will allow TIS to further integrate Cashforce's solution with our platform in order to offer advanced forecasting and data management capabilities to all our clients.’

The move represents further consolidation in a treasury systems market that has already seen Nomentia acquire TIPCO, Coupa acquire Bellin and Bottomline take over TreasuryXpress.


TIS secures €50m war chest for expansion

9/6/2022

 
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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.'


Trovata plans European entry, raises $27m

7/6/2022

 
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California-based cash management platform provider Trovata is expanding into Europe with new offices in London and Amsterdam. The news comes as the firm closed a $27m series B funding round, led by Fin Capital, alongside existing investors including JPMorgan Chase Strategic Investments. 

Trovata launched in 2019, using APIs to connect multiple data sources, including banks, to give a full picture of cash across the organisation. In 2021 it raised $20m in its series A round and already has a strong group of US clients such as Square and Bandwidth.

'We’ve not only built out the largest library of corporate banking APIs in the world, we’ve also built an entirely new end-to-end platform, an operating system to manage cash better, faster, and smarter,' said Brett Turner, founder and CEO at Trovata. “We’re super excited to expand into the UK and the EU.'

ION adds Neterium's sanction screening to Wallstreet Suite payments factory

5/6/2022

 
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ION Treasury has integrated Neterium's Jetflow sanction screening product into its Wallstreet Suite payment factory platform.  

​Wallstreet Suite provides a payment hub for cash movements. The new agreement will mean that all settlements passing through the system are screened using Jetflow as they go through the payments workflow before being sent to the bank.  

'Partnerships are key to Neterium’s success,' said Luc Meurant, CEO at Neterium. 'We partner with digital platforms, financial services providers, solutions, and data vendors to add advanced screening capability to their platforms and solutions, enhancing their customers’ experience. '

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  • Home
  • Events
    • Cash Forecasting
    • Bank Account Management
    • Corporate Payments
    • Cash Pooling & In-House Banking
    • Bank Fee Analysis
    • FX Risk Management
    • Fraud Prevention
    • Cash Visibility
    • Bank Connectivity and Format Conversion
    • Treasury Reporting
    • KYC, AML and Compliance
  • Solution Providers
    • Bottomline
    • Bureau van Dijk
    • CashAnalytics
    • Cashforce
    • Cobase
    • ComplyAdvantage
    • COUPA
    • Delega
    • Fides
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