Imburse AG Raises $1.7M to Support the Growth of its Cloud-Based “Payments as a Service” Platform
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The Zurich and London based fintech startup Imburse raises $1.7 million in funding to help large companies easily access the global payments ecosystem. 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.
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.
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."
Venture Leaders Fintech 2018 alumni 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.
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