German B2B Payments Platform TIS Receives €50M in Debt Financing

Treasury Intelligence Solutions (TIS), a German enterprise B2B payments company, said it has put together a debt facility with Kreos Capital to provide up to €50 million ($53.5 million) in financing, a press release said Tuesday (June 7), which will fund TIS for product innovations, possible 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 the perfect time for TIS as we look to expand our geographic footprint, push into new verticals, and extend 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 our financing partner, TIS will have the ability to swiftly execute our strategic initiatives while having the flexibility to respond to new opportunities as they arise,” Foeller said.

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

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

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Last year, Deutsche Bank teamed up with TIS to help modernize its corporate banking offering, including its anti-fraud services.

Deutsche integrated TIS’s tech for treasury and finance with a focus on making “value-added products and services” for corporate clients.

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