Accenture made a strategic investment, through its VC arm Accenture Ventures, in cloud-based payments-as-a-service enterprise platform Imburse.
Founded in Zurich, Switzerland in 2018, Imburse simplifies the way businesses around the world access the global payments ecosystem. It works with global insurers, banks and other large companies to easily connect outdated legacy systems to the global payments ecosystem through a single connection using APIs. Imburse works with several multinational clients, including Generali Group.
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.
Highlighting the importance of a robust payment processing solution, Sulabh Agarwal, who leads Accenture’s Payments group said, “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. 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 CEO Oliver Werneyer believes that the partnership will help businesses to fully optimise and future-proof their payment capabilities and leverage payments as a key strategic value driver. He said, “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. We’re excited for Accenture to join our mission to make access to the global payments ecosystem easier for businesses, bringing deep industry expertise and thought leadership.”
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