Meet TIS - The World’s Leading SaaS-B2B Outbound Payment Platform
11/11/21 • 31 min
Meet TIS the world’s leading SaaS-B2B outbound payment platform The problems we are solving for our clients now are the problems I had in my former corporate job. Jörg Wiemer, Co-Founder and CSO at TIS Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Our goal is for the topline 3x in the last three years. Jörg Wiemer, Co-Founder and CSO at TIS The Founder
In this interview, we talk to Jörg Wiemer (https://www.linkedin.com/in/joerg-wiemer/) the co-founder, former CEO and current CSO (Chief Strategy Officer) of the grown-up tech company TIS (https://www.tis.biz/). Jörg had already an extensive corporate background with stops at Deutsche Bank and Douglas Holding (a beauty retailer). Was Senior Vice President and Head of Global Treasury at SAP, where he saw an opportunity and took a leap into entrepreneurship. In 2010 he co-founded TIS.
Joe always wanted to interview them, because they have been an important early success story that made startups sexy again. Also, any current or aspiring entrepreneur can learn a lot from Jörg in the interview.
Jörg has a lot of good advice from his early times starting TIS. You will find it in the last 1/3rd of the interview.
For us ... getting venture capital early was a good decision. Jörg Wiemer, Co-Founder and CSO at TISYou don’t want to optimize your shareholdings in the company, you want to maximize your chances of success.Jörg Wiemer, Co-Founder and CSO at TIS The Tech Company
TIS has been part of FT 100 Europe’s fastest-growing companies in 2019, 2020, and 2021.
TIS stands for Treasury Intelligence Solutions (https://www.tis.biz/) and is headquartered in Walldorf. Yes, the Walldorf is also home to SAP. The company has routes within SAP but is by now an independent grown tech company with more than 200 employees worldwide and a strong presence in Europe and North America. Startuprad.io always aims to bring you interesting founder stories, so it was about time to bring you the founder of a successful tech company.
Founders first have to do the hard work and then hire someone. Jörg Wiemer, Co-Founder and CSO at TIS The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Find all links and show notes here: https://www.startuprad.io/blog/meet-tis-the-worlds-leading-saas-b2b-outbound-payment-platform/
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This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
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Meet TIS the world’s leading SaaS-B2B outbound payment platform The problems we are solving for our clients now are the problems I had in my former corporate job. Jörg Wiemer, Co-Founder and CSO at TIS Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Our goal is for the topline 3x in the last three years. Jörg Wiemer, Co-Founder and CSO at TIS The Founder
In this interview, we talk to Jörg Wiemer (https://www.linkedin.com/in/joerg-wiemer/) the co-founder, former CEO and current CSO (Chief Strategy Officer) of the grown-up tech company TIS (https://www.tis.biz/). Jörg had already an extensive corporate background with stops at Deutsche Bank and Douglas Holding (a beauty retailer). Was Senior Vice President and Head of Global Treasury at SAP, where he saw an opportunity and took a leap into entrepreneurship. In 2010 he co-founded TIS.
Joe always wanted to interview them, because they have been an important early success story that made startups sexy again. Also, any current or aspiring entrepreneur can learn a lot from Jörg in the interview.
Jörg has a lot of good advice from his early times starting TIS. You will find it in the last 1/3rd of the interview.
For us ... getting venture capital early was a good decision. Jörg Wiemer, Co-Founder and CSO at TISYou don’t want to optimize your shareholdings in the company, you want to maximize your chances of success.Jörg Wiemer, Co-Founder and CSO at TIS The Tech Company
TIS has been part of FT 100 Europe’s fastest-growing companies in 2019, 2020, and 2021.
TIS stands for Treasury Intelligence Solutions (https://www.tis.biz/) and is headquartered in Walldorf. Yes, the Walldorf is also home to SAP. The company has routes within SAP but is by now an independent grown tech company with more than 200 employees worldwide and a strong presence in Europe and North America. Startuprad.io always aims to bring you interesting founder stories, so it was about time to bring you the founder of a successful tech company.
Founders first have to do the hard work and then hire someone. Jörg Wiemer, Co-Founder and CSO at TIS The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Find all links and show notes here: https://www.startuprad.io/blog/meet-tis-the-worlds-leading-saas-b2b-outbound-payment-platform/
---
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
---
Send in a voice message: https://anchor.fm/fintechgermany/message Support this podcast: https://anchor.fm/fintechgermany/support
This podcast uses the following third-party services for analysis:
Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy
Previous Episode
GSA Unicorn Tracker - October 2021 (Bonus)
Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
Guys, it is October, it is getting colder outside and cozier inside, so we bring you another “Doppelpack” of our news recording! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on October 25th, 2021, wrapping up October. This is a Bonus Episode following our special coverage of the unprecedented creation of unicorn startups in the German-speaking startup scene!
Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find all the links to our sources and the show notes here: https://www.startuprad.io/blog/gsa-unicorn-tracker-october-2021/
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This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
---
Send in a voice message: https://anchor.fm/fintechgermany/message Support this podcast: https://anchor.fm/fintechgermany/support
This podcast uses the following third-party services for analysis:
Podder - https://www.podderapp.com/privacy-policy
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Next Episode
Fastbill’s Exit to Canada Based Unicorn FreshBooks
The Enabler
This interview was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany
We started serveral early SaaS Platforms and Fastbill was one of them. We just solved our problems at the time.René Maudrich, MD Germany FreshBooks The Founder
In this interview, we talk to one of the most experienced fintech founders in the greater Frankfurt area. René Maudrich (https://www.linkedin.com/in/renemaudrich/) is the CEO and founder of Frankfurt-based accounting and invoicing fintech Fastbill. They have been bought by Toronto, Canada-based, fintech unicorn Freshbooks (https://www.freshbooks.com/). He now holds the position of managing director of FreshBooks Germany.
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we a have matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
We became a top 3 provider in GSA (Germany, Switzerland and Austria), but we also have clients in 13 other countries.René Maudrich, MD Germany FreshBooks The Startup
Fastbill (https://www.fastbill.com/) was one of the early fintech startups, that have been around, before fintech was a thing. They help small companies and freelancers with their invoicing and accounting. They are a top 3 provider for this kind of software in Germany. You can learn more about them here:
Also, Mario (https://www.linkedin.com/in/mahachemer/), the CTO of Fastbill has been a frequent guest. Mario is also part of the frequent crew of our annual fintech review. You can learn more about the company, him, and René in our interviews linked below.
We bootstrapped for six years before we took VC money. That was a bit too late. I would recommend it later.René Maudrich, MD Germany FreshBooks The Exit
FreshBooks already knew Fastbill from events. FreshBooks was interested in purchasing a stake in Fastbill with their next investment round. During the conversation, they decided on an outright takeover. FreshBooks now owns all equity in Fastbill and the core team with René, Mario and Benjamin stay on board. All former Fastbill shareholders are now FreshBooks shareholders.
The Fastbill team is not permitted to speak about the transaction price. We can make estimates about the price range:
In 2019 they had approx. 2.5 mn Euros revenue (according to estimates in several databases). Assuming a growth to 3 or even 5 mn Euros annualized revenue in 2021 one can estimate the range of the transaction volume with normal multiples from 45 mn Euros at the low end to 110 mn € at the higher end, adding an “earn-out clause” of approx. 10% over the next few years.
Find all links, show notes and further readings here: https://www.startuprad.io/blog/fastbills-exit-to-canada-based-unicorn-freshbooks/
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This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
---
Send in a voice message: https://anchor.fm/fintechgermany/message Support this podcast: https://anchor.fm/fintechgermany/support
This podcast uses the following third-party services for analysis:
Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy
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