Imburse AG, a Swiss enterprise SaaS company empowering large companies with payments-as-a-service solutions, announced its completion of a $1.7 million bridge funding round. Institutional investors PostFinance CVC, based in Switzerland, and SixThirty, a US-based VC, led the round, with existing investors also participating.
The funding round will support Imburse’s European growth plans for its platform that simplifies integration into the global payments eco-system. Imburse was founded to help large companies easily access the vast offering of the global payments ecosystem in order to deliver on customer engagement and business optimisation goals. Imburse’s enterprise platform completely revolutionises integrations of new transaction-related services into core IT systems, significantly reducing deployment times and costs while completely future-proofing corporate IT systems against changes in the payments ecosystem.
The financing comes at a time of extremely high demand for Imburse’s platform in different regions and from different verticals, requiring significant investment in the platform’s capability and reach. Imburse has continued to secure several key multi-national clients in insurance and banking, as well as finalising key channel partnerships to further deliver exceptional growth.
Imburse was named as “Winner” of the “Ecosystem” category of the “Finance-IT Innovation Award 2019” in May 2019, as well as ones to watch in the “Fintech Power 50” report in June 2019.
Oliver Werneyer, co-founder of IMburse AG, said:
“In 2018 we delivered a massively efficient and scalable platform, secured important clients and grew our pipeline significantly. With PostFinance CVC, SixThirty and our existing investors, we are working with the right partners to expand our world leading solution to other markets and other verticals.”
This investment will allow Imburse to invest significant capital and time into expanding and growing its enterprise platform, strengthen product management and grow the project delivery teams. Imburse currently focusses on the insurance sector in Europe but aims to expand into financial services and transport sectors in Europe and North America in the immediate future, before growing into all major verticals in all geographies.
Featured image: The Imburse management team
