Imburse is acquired by Duck Creek Technologies

05.01.2023 18:15, Morgane Ghilardi

The payment platform provider Imburse was acquired by Duck Creek Technologies, a solutions provider for property and casualty (P&C) insurance. Imburse ranked among the TOP 100 Swiss Startups in 2021 and 2022 and is a Venture Leader alum.

Imburse's cloud-native software-as-a-service (SaaS) payment solution is built for the insurance industry. The modern payments platform brings greater ease and efficiency into end-to-end insurance transactions, enabling insurance carriers to quickly connect to the entire payments ecosystem at a lower cost. They can seamlessly integrate with existing financial infrastructure and processes, and manage multiple partners for collections and disbursements, all in one place.

As part of Duck Creek, Imburse will continue to serve its existing client base and markets, while accelerating expansion plans for new clients across Europe and into North America and Asia-Pacific. The Imburse platform will continue to be available on a stand-alone basis and will also be fully integrated with Duck Creek's suite of technology solutions, further enabling carriers' digital transformation goals with modern tools.

"Imburse has developed a great product for the global insurance industry that is not only easy to integrate and implement but also gives carriers incredible flexibility and payment choices," said Mike Jackowski, CEO of Duck Creek Technologies. "Imburse has a strong team that embodies Duck Creek's core values. They have deep expertise across the payments ecosystem and will help to broaden Duck Creek's insurance industry leadership."

"Being part of Duck Creek will further accelerate our mission to simplify how businesses around the world access the global payments ecosystem," said Oliver Werneyer, CEO of Imburse. "We are excited to be part of Duck Creek and to work jointly to deliver modern technology innovations that transform the insurance industry for the future."

In a LinkedIn post, Werneyer added, "The team at Imburse has built an incredible product and proposition. Now we begin a next chapter within an amazing new family at Duck Creek Technologies. Under the leadership of Michael Jackowski and his team, we will continue to grow the platform to be a leading enabler for payment in insurance for any platform, carrier or marketplace."

The acquisition remains subject to customary closing conditions and is expected to close during the second fiscal quarter of 2023.

An expert jury voted Imburse one of the TOP 100 Swiss Startups in 2021 and 2022 after the company reached significant milestones: In 2021, Imburse closed a USD 12 million Series A financing round, adding Accenture Ventures to its investors. In 2022, Imburse announced a strategic partnership with Sapiens International Corporation, a major presence in the insurance software industry.

In 2018, Imburse was also chosen to participate in the Venture Leaders Fintech program. CEO Oliver Werneyer joined the investor roadshow in New York, where entrepreneurs are introduced to industry experts and investors to expand their startup's global footprint.


Imburse CEO Oliver Werneyer joined the Venture Leaders Fintech team in 2018, taking part in the New York investor roadshow