Greenberg's Aquiline invests in German payment platform TIS
Insurance veteran Jeff Greenberg's firm Aquiline Capital Partners has invested in Germany-based Treasury Intelligence Solutions (TIS), a cloud platform for managing corporate payments and cash flows.
TIS has raised $20 million in additional financing led by Aquiline Technology Growth, an early- and growth-stage fund managed by New York-based private equity firm Aquiline Capital Partners, which was founded in 2005 by Jeff Greenberg - the former chairman and CEO of Marsh & McLennan who also spent 17 years at AIG in various executive roles.
The funding round also included participation from existing investor 83North.
TIS company plans to use the new funding to further accelerate product development and to scale operations in Europe and in the US.
Jörg Wiemer, CEO and co-founder of TIS: “We are proud to have Aquiline on board alongside our existing investors. This investment will help accelerate our growth. More than ever, companies who 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.”
Greenberg, chairman and CEO 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.”
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