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

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