Silicon Valley Bank grants 6.5 million euros loan to TIS
Frankfurt am Main/Walldorf, April 16th , 2019 – Silicon Valley Bank (SVB), the bank of the world’s most innovative companies, and their investors, lends TIS, a cloud-based corporate payments platform, 5 million euros in venture debt and 1.5 million euros in form of a recurring revenue working capital line, in the course of its Series-C-Financing round.
“Our goal is always to help entrepreneurs and innovative companies to succeed. We are delighted to be able to support Germany’s vibrant technology scene with various forms of financing through all life stages, such as working capital lines or venture debt.” says Oscar Jazdowski, Co-Head of Silicon Valley Bank Germany.
TIS belongs to this vibrant tech scene. By implementing its SaaS, the company provides a comprehensive, highly scalable, and above all a secure solution for processing, analysing and documenting all payment and account processes. TIS is a cloud platform for managing company-wide payments, liquidity, and banking relationships worldwide.
“‘We believe in believers’ is a very important motto to us. We’re convinced by TIS’ team. Payment processes are complex and TIS offer transparency and clarity in regard to those payment processes. Moreover they help customers to make better decisions by analyzing financial and operative performance on the basis of the real time of the payment flows. Passion and competence in financial management meets expertise in cloud computing – I am hence not surprised that the company is growing so successfully in the market.” adds Christian Hoppe, Managing Director for Sales and Origination.
In addition to the Series C financing round of November 2017, the venture debt is intended to help the operating business in Europe, but especially in the USA, to scale faster. With Silicon Valley Bank as a partner, the company hopes to have a far-reaching impact on the American market.
“For us, Silicon Valley Bank is more than just debt. In addition to valuable industry know-how and a genuine understanding of technology, the multiplication effect via the extensive network within the Innovation Economy, including valuable contacts to the world’s most important VC and PE funds, helps us in particular.” says Jörg Wiemer, CEO of TIS.
TIS (Treasury Intelligence Solutions GmbH) based in Walldorf has been combining experience and competence in financial planning since 2010, with particular expertise in cloud computing. The result is the TIS solution: a comprehensive, highly scalable cloud platform for managing company-wide payments, liquidity, and banking relationships worldwide. TIS enables SMART PAYMENTS to help the customer make better decisions by analyzing financial and operative performance on the basis of the real time of the payment flows. The TIS solution has been successfully used for years in medium-sized and large companies, such as Fresenius, DACHSER, BearingPoint, Heidelberger Druckmaschinen, Marquard & Bahls and Swiss Airlines. TIS provides Software-as-a-Service (SaaS) and offers internationally operating customers key advantages, such as lower costs, risk prevention, a higher degree of transparency, shorter integration times, fast worldwide roll-outs and smooth updates. The high level of security and deep integration of the platform with existing ERP systems are attested by the ISO-27001, SOC 1 and 2, as well as SAP certifications. Financial Times and Statista recognize TIS as one of Europe’s Fastest Growing Companies 2019.
More about TIS: www.tis.biz
About Silicon Valley Bank:
For 35 years, Silicon Valley Bank (SVB) has helped innovative businesses, enterprises and their investors move bold ideas forward, fast. Through its various locations in international innovation centres, SVB offers clients targeted financial services and expertise.
No other bank in Germany focuses solely on the innovation economy. Europe’s leading technology and life science businesses, in all stages of development, look to SVB’s niche expertise, experience and unparalleled network, as they grow at home and tackle new markets abroad. Learn more at svb.com/de.