Alternative Payments Secures $22M in Funding for Growth
Alternative Payments, a leading B2B payments and checkout infrastructure provider based in NYC, has successfully raised $22 million in a recent funding round to drive its expansion efforts.
The investment was led by MissionOG and Third Prime, showcasing strong support and confidence in the company’s vision and growth potential.
The funding will be utilized to fast-track the development of its innovative autonomous payment solutions and bolster its go-to-market team for enhanced outreach and service delivery.
Under the leadership of CEO Baxter Lanius, Alternative Payments offers a comprehensive end-to-end payment platform tailored for businesses, enabling seamless access to varied merchant services such as credit card processing, ACH bank transfers, and B2B buy now pay later financing options.
By integrating its software with a company’s ERP and accounting systems, Alternative Payments streamlines accounts receivable processes, simplifies payment reconciliation, and accelerates the overall payment cycle for clients.
With a strong focus on automation and efficiency, the company has managed to reduce days sales outstanding by an impressive 40-50% for its diverse customer base, empowering businesses to optimize their financial operations and achieve faster settlements on a global scale.
Since its inception in 2024, Alternative Payments has witnessed remarkable growth, with its total processing volume increasing nearly fivefold, highlighting the value and impact of its innovative payment solutions in the market.
For businesses looking to streamline their payment processes and enhance financial efficiency, Alternative Payments stands out as a trusted partner, offering cutting-edge solutions tailored to meet the evolving needs of modern enterprises.
Stay tuned for more updates on Alternative Payments and its continued journey towards revolutionizing the B2B payment landscape.
FinSMEs
24/04/2025
