The fundraising also included participation from existing backer 83North. According to Verdict, using the fresh capital, TIS intends to ramp up product development and scale operations in Europe and the US to serve global demand.
The client base of TIS includes Adecco Group, Bertelsmann, Hugo Boss, Fresenius, Fugro, Lanxess, ManpowerGroup, OSRAM and QIAGEN. The companies leverage the technology of TIS to analyse payment flows.
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