What does Alternative Payments do?
Alternative Payments is a B2B payments and checkout infrastructure provider that offers an end-to-end payment platform. The platform integrates with a company’s ERP or accounting software to track accounts receivable, reconcile payments, and shorten the client time-to-pay, while providing merchant services such as credit card processing, ACH bank transfers, and client-facing financing.
How much did they raise?
The company secured $22M in a funding round led by MissionOG and Third Prime, marking a significant milestone in its growth journey.
What are their plans for the money?
The funds will be used to accelerate the development of its autonomous payment solutions and to expand its go-to-market team, which could further streamline B2B financial processes and enhance payment efficiency.
What have they achieved so far?
Under the leadership of CEO Baxter Lanius, Alternative Payments has already established a robust payment infrastructure that effectively manages payment reconciliation and accelerates payment cycles, laying the foundation for future innovations.
