Accenture has invested in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses access the global payments ecosystem.
Financial details of the investment, which was made via Accenture Ventures, were not disclosed.
Founded in Zurich, Switzerland in 2018, Imburse works with global insurers, banks and other large companies to connect outdated legacy systems to the global payments ecosystem through a single connection using application programming interfaces (APIs).
Imburse works with several multinational clients, including Generali Group.
As companies navigate the complexity of digital disruption and the changing needs of customers, payments interoperability is an important part of companies’ overall transformation agenda, said Accenture, which is a Dublin-domiciled professional services company with capabilities in digital, cloud and security.
“Payments systems at many companies are being stressed by changing consumer preferences – challenging them to offer the latest digital payment options while maintaining efficient operations,” said Sulabh Agarwal, who leads Accenture’s Payments group globally.
“Imburse’s payments platform removes integration challenges and acts as the payments glue for organizations, fusing together all payments types including bank transfers, credit cards and digital wallets, to offer the customer seamless, quick and secure experiences,” Agarwal added.
Imburse will join Accenture Ventures’ Project Spotlight – an investment program that connects emerging technology startups with the largest global companies to fill innovation gaps. Through the program, Imburse also will have access to Accenture’s global innovation network, and the opportunity to co-innovate with Accenture software engineers, system architects and payments experts.
“Businesses around the world are under immense pressure to digitalize their payments systems and to exceed customer expectations – however the investment, time and resources required is, for many businesses, unjustifiable,” said Oliver Werneyer, Imburse’s CEO.
“Imburse and Accenture will work together to help businesses to fully optimize and future-proof their payment capabilities and leverage payments as a key strategic value driver,” he continued.”Accenture Ventures’ investment in Imburse aligns with our commitment to solve some of the most critical business needs of our clients, which will only become more complex in the future,” commented Tom Lounibos, managing director of Accenture Ventures.
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