Alternative Payments - About the company
Alternative Payments is a series A company based in New York City (United States), founded in 2021. It operates as an Invoice payment acceptance solution for businesses. Alternative Payments has raised $22M in funding from MissionOG and Third Prime. The company has 153 active competitors, including 38 funded and 20 that have exited. Its top competitors include companies like Billtrust, HighRadius and DadeSystems.
Company Details
Invoice payment acceptance solution for businesses. B2B payments and checkout infrastructure company that simplifies customer payments and helps service-based businesses. Offer a range of features including automation and B2B financing, BNPL, and are purpose-built for MSPs to reduce payment processing.
- Website
- www.alternativepayments.io/
- Email ID
- *****@alternative.co
Key Metrics
Founded Year
2021
Location
New York City, United States
Stage
Series A
Total Funding
$22M in 1 round
Latest Funding Round
Ranked
27th among 153 active competitors
Employee Count
90 as on Jul 31, 2026
Investment & Acquisitions
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Alternative Payments's funding and investors
Alternative Payments has raised a total funding of $22M over 1 round. Its latest funding round was a Series A round on Mar 05, 2025 for $*****. 2 investors participated in its latest round. Alternative Payments has 3 institutional investors.
Here is the list of recent funding rounds of Alternative Payments:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 05, 2025 | 4915660 | Series A | 1255243 | 8751162 | 7405761 | 7709135 |
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Alternative Payments' founders and board of directors
Founder? Claim ProfileAlternative Payments' employee count trend
Alternative Payments has 90 employees as of Jul 26. Here is Alternative Payments's employee count trend over the years:
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Alternative Payments's Competitors and alternates
Top competitors of Alternative Payments include Billtrust, HighRadius and DadeSystems. Here is the list of Top 10 competitors of Alternative Payments, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Billtrust 2001, Hamilton Township (United States), Acquired | Invoice and payment management solutions for small businesses | $105M | 69/100 | |
2nd | HighRadius 2006, Houston (United States), Series C | Provider of AI-powered platform for automating finance processes and improving outcomes | $484M | 69/100 | |
3rd | DadeSystems 2011, Miami (United States), Acquired | Account receivable payment automation solution. | $11M | 68/100 | |
4th |  Balance 2020, San Francisco (United States), Series B | Provider of financial infrastructure for business to business trade transactions | $87M | 64/100 | |
5th | PortX 2016, Mercer Island (United States), Series C | Cloud-based transaction management platform for businesses | $26.6M | 62/100 | |
6th |  Ordway Labs 2018, Washington, DC (United States), Series B | Invoicing and payment solution | $12.5M | 61/100 | |
7th | PayGround 2010, Gilbert (United States), Series A | Cloud-based invoice payments solutions to businesses | $29.3M | 61/100 | |
8th | PayStand 2013, San Francisco (United States), Series C | Payment processing solutions for bitcoin, e-checks and credit cards | $85M | 60/100 | |
9th | _1524470201855.png?devicePixelRatio=2&height=30&width=30){kind=logo} RoadSync 2015, Atlanta (United States), Series B | Accounts receivable solutions for businesses | $40M | 60/100 | |
10th | Biller Genie 2018, Miami (United States), Series B | Cloud-based invoicing and payment platform for businesses | $32.9M | 60/100 | |
27th |  Alternative Payments 2021, New York City (United States), Series A | Invoice payment acceptance solution for businesses | $22M | 47/100 |
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Alternative Payments's Investments and acquisitions
Alternative Payments has acquired Delmar Insights. Alternative Payments has not made any investments as of now.Reports related to Alternative Payments
Here is the latest report on Alternative Payments's sector:
News related to Alternative Payments
Media has covered Alternative Payments for a total of 3 events in the last 1 year, 2 of them have been about company updates.
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Alternative Payments acquires Delmar Insights, integrates AI analyticsElectronic Payments International•Nov 05, 2025•Alternative Payments, Delmar Insights
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Alternative Payments Debuts API to Accelerate MSP Growth Through AutomationGlobal Fintech Series•Aug 27, 2025•Alternative Payments
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Alternative Payments Secures $22 Million in Fundingintelligence360•May 09, 2025•Alternative Payments, MissionOG, Third Prime
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