Accenture Makes Strategic Investment in Digital Payments Company Imburse

Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses around the world access the global payments ecosystem, has attracted Accenture Ventures as investor. Accenture will support Imburse with its network and experts.

Imburse will join Accenture Ventures’ Project Spotlight — an immersive engagement and investment program aimed at connecting emerging technology startups with the Global 2000 to fill strategic innovation gaps. Through the program, Imburse will also have access to Accenture’s global innovation network, and the opportunity to co-innovate with Accenture software engineers, system architects and payments experts.

Founded in Zurich, Switzerland in 2018, Imburse works with global insurers, banks and other large companies to easily connect outdated legacy systems to the global payments ecosystem through a single connection using application programming interfaces (APIs). “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.”

Imburse already works with several multinational clients, including Generali Group.“The collaboration between HITS, Generali and Imburse helped us transform and digitize our payments processes in a cost effective manner, creating a better experience for our current and future customers,” said Pietro Carnevale, CEO of House of Insurtech Switzerland (HITS) AG of Generali Switzerland. “This is a great example of how startups and corporations can work together to solve the most pressing needs of the business. While Imburse is already working with insurers to help them update their payments processes, the startup will greatly benefit from the connections, network and industry expertise that Accenture will provide.”

(Press release / SK)