Accenture Invests In Digital Payments Platform Imburse

Accenture PLC's ACN Accenture Ventures made a strategic investment in a cloud-based, payments-as-a-service enterprise platform, Imburse, that simplifies the way global businesses access the global payments ecosystem.
The financial terms of the investment remain undisclosed.
Imburse works with global insurers, banks, and other large companies to easily connect outdated legacy systems to the international payments ecosystem through a single connection using application programming interfaces (APIs).
Imburse works with several multinational clients, including Generali Group.
Imburse's payments platform fuses all payment types, including bank transfers, credit cards, and digital wallets, to offer the customer seamless, quick, and secure experiences, Accenture's Payments group head Sulabh Agarwal said.
Imburse will join Accenture Ventures' Project Spotlight, which aims to connect emerging technology startups with the Global 2000 to fill strategic innovation gaps.
Accenture held $9.2 billion in cash and equivalents as of Feb. 28, 2021.
Price action: ACN shares closed higher by 1.53% at $285.56 on Monday.