About Imburse Payments
Imburse Payments is a Financial Services company based in Zurich (Switzerland) founded in 2017 by Oliver Werneyer, Carl Strempel, Mark Jerome, and David Scott Turner, and was acquired by Duck Creek in January 2023. Payments solutions for businesses are provided via integrated platforms. Imburse Payments has raised $13.7 million across 2 funding rounds from investors including Guidewire, Accenture and Duck Creek. Its chief executive, as recorded, is Oliver Werneyer. Imburse Payments offers products and services including Duck Creek Payments, Duck Creek Payments Orchestrator, and Duck Creek Suite. Its focus areas include FinTech, Payments, Enablers and White Label Solutions. Its competitors include BPC Banking Tech and FundFlex.
Company details
Imburse Payments was founded in 2017 in Zurich, Switzerland, within the fintech sector. Solutions for business payments are offered, including push to card, real-time transactions, cross-border transfers, and analytics tools. Payment collections and payouts are facilitated through these services. An integrated platform is utilized for managing payments and generating reports, supporting operations across various regions.
- Headquarters Zurich, Switzerland
- Founders Oliver Werneyer, Carl Strempel, Mark Jerome, David Scott Turner
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website imbursepayments.com
- Social LinkedIn X
- Acquired by Duck Creek (Jan 2023)
- Total Equity Funding$13.7M (USD)
in 2 rounds
- Latest Funding Round$12M (USD), Series A
Jun 2021
- InvestorsGuidewire
& 9 more
- Acquired byDuck Creek
(Jan 2023)
Products & Services of Imburse Payments
Imburse Payments offers a comprehensive portfolio of products and services, including Duck Creek Payments, Duck Creek Payments Orchestrator, and Duck Creek Suite.
Platform for secure insurance payment management and transactions.
Tool for integrating global payment networks in insurance.
Comprehensive suite for billing, claims, and policy management.
Funding Insights of Imburse Payments
Imburse Payments has successfully raised a total of $13.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.7M
- Total Rounds 2
- Last Round Series A — $12M
- First Round $1.7M
(Nov 2019)
- Investors Count 9
All 2 funding rounds of Imburse Payments with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $12M | Series A | – | Accenture, DST Global | – |
| Nov 2019 | $1.7M | Seed | – | PostFinance, SixThirty | – |
10 investors in total: 10 institutional.
Investors in Imburse Payments
Imburse Payments has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Guidewire, Accenture and Duck Creek.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment firm | dst-global.com | Menlo Park, United States | ||
Investments are made in early and growth-stage technology startups. | addition.com | New York, United States | ||
Venture capital investment firm | 2012 | lakestar.com | Zurich, Switzerland | |
Venture capital firm focused on multiple sectors | sixthirty.co | St. Louis, United States | ||
IT and management consultancy services are provided globally. | 1989 | accenture.com | Dublin, Ireland | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | guidewire.com | San Mateo, United States | |
Investments are focused on pre-seed and early-stage tech projects. | backboneventures.ch | Zurich, Switzerland | ||
PostFinance is recognized as a Swiss financial services provider. | postfinance.ch | Switzerland | ||
Long-only multi-asset investments are managed by Gramercy hedge fund. | 1998 | gramercy.com | Greenwich, United States | |
Cloud-based solutions for property, casualty, and general insurance are provided. | 2000 | duckcreek.com | Boston, United States |
Investor details for Imburse Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Imburse Payments
4 people are tracked at Imburse Payments (4 in leadership).
| Name | Role | Group |
|---|---|---|
Oliver Werneyer | Co-Founder & CEO | Leadership |
Carl Strempel | Co-Founder | Leadership |
Mark Jerome | Co-Founder | Leadership |
David Scott Turner | Co-Founder & CTO | Leadership |
Complete people profiles for Imburse Payments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Imburse Payments
4 dated milestones of Imburse Payments across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Imburse Payments is founded.
- Funding First funding round of $1.7M.
- Funding Latest funding round, Series A, of $12.0M.
- Exit Acquired by Duck Creek.
Competitors of Imburse Payments
Imburse Payments has 2 listed competitors in our database. They include BPC Banking Tech and FundFlex.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bpcbt.com | 1995 | Baar, Switzerland | Provides payment processing, banking platforms, and commerce services worldwide. | |||
| fundflex.io | 2021 | Zug, Switzerland | Platform for international remittances, currency exchange, and account management services. |
Detailed competitors of Imburse Payments
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Web traffic of Imburse Payments
The website of Imburse Payments (imbursepayments.com) receives about 1.1K visits a month.
- Monthly visits1.1K
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Frequently Asked Questions about Imburse Payments
Imburse Payments was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Imburse Payments is headquartered in Zurich, Switzerland.
Oliver Werneyer is the CEO of Imburse Payments, as recorded in our data. They have also founded this company.
Imburse Payments is a funded company, having raised a total of $13.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.7M, raised on Nov 2019.
Imburse Payments was founded in 2017 in Zurich, Switzerland, within the fintech sector. Solutions for business payments are offered, including push to card, real-time transactions, cross-border transfers, and analytics tools. Payment collections and payouts are facilitated through these services. An integrated platform is utilized for managing payments and generating reports, supporting operations across various regions.
Imburse Payments's top competitors include BPC Banking Tech and FundFlex.
Imburse Payments offers Duck Creek Payments, Duck Creek Payments Orchestrator, and Duck Creek Suite.
Imburse Payments has 10 investors. Key investors include Guidewire, Accenture, Duck Creek, Lakestar, and Gramercy.
Yes. Imburse Payments was acquired by Duck Creek in January 2023.