Alternative Payments (Series A)
Funding Details
- Awarder
- RSS - techfundingnews.com
- Date Award
- April 28, 2025
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Funding Amount:
- $22,000,000
Company Info
- Founding Year
- 2021
- Traction
- Since 2024, the company has grown its total processing volume nearly fivefold, a testament to its effectiveness and market fit. Customers are seeing faster payments, improved accuracy, and enhanced client satisfaction.
- Founders
- Baxter Lanius
- Company Description
- Alternative Payments provides a fully-integrated B2B payments and checkout infrastructure, purpose-built to digitise and automate financial workflows for underserved sectors. The platform replaces cumbersome legacy systems, reducing days sales outstanding (DSO) by an average of 40-50%, giving businesses faster access to working capital and streamlining operations.
- Market
- B2B Payments
- Location
- New York, NY, US
- Coinvestors
- MissionOG, Third Prime