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TIS raises $12 mln from 83North

Germany based corporate payments cloud platform TIS has raised a $12m funding roud from 83North.

The company plans to use the new funding to further accelerate product development and scale operations in Europe and the US, in order to meet growing international demand. Many globally recognized organizations, including Office Depot, Staples Solutions, Archroma, Dachser, Fresenius, Fujitsu, Oettinger Davidoff and Swissgrid, already use TIS to standardize and analyze payment flows throughout their organizations.

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