Imburse AG can expand its ‘payments as a service’ platform after having raised $1.7 million in a recent financing round. According to a press release on the Venturelab website, an accelerator program for start-ups, the financing round was led by institutional investors Swiss PostFinance CVC and American venture capital firm SixThirty, as well as existing investors.
With offices in Zurich and London, Imburse operates a digital platform that helps large companies collect and withdraw money in any market, currency and payment technology. Its main focus is on improving the transaction capabilities of companies while minimizing complexity and IT integration.
“In 2018 we delivered a massively efficient and scalable platform, secured important clients and grew our pipeline significantly,” said Imburse co-founder Oliver Werneyer. “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.”