Munich-based venture capital firm, Target Partners, has invested €2.5 million in Treasury Intelligence Solutions (TIS), Private Equity Wire reports. TIS will use the capital to boost development and sales efforts.
TIS, the developer of integrated and multi-bank capable payment solutions, is also seeking to internationalize its operations. TIS founders are CEO, Jörg Wiemer, chief technology officer, Erol Bozak, and COO, Wolfgang Kalthoff.
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