IMburse, a SaaS platform for global payments, has closed a $1.7m bridge round.
The round was led by PostFinance CVC and SixThirty, with contributions also coming from previous IMburse backers.
Capital from the round will be used to support the European growth plans of the company. While the company is currently focused on the European market, it hopes to expand into financial services and transport sectors in North America and beyond.
IMburse is also hoping to strengthen product management and grow its project delivery teams.
The FinTech was founded to help large companies access global payments including cash, credit cards, billing solutions, alternative payment methods and vouchers.
IMburse, co-founder Carl Strempel said, “The global payments ecosystem is undeniably complex and evolving at a rapid pace. More than ever companies require an agile and simple means to connect with the right payment providers without requiring them to re-build their IT and business processes every time something new comes along.
“With PostFinance CVC and SixThirty we have found partners that share in our vision and have the network and scaling knowledge to support our global expansion plans.
Copyright © 2019 FinTech Global