When we started Alternative Payments, the goal wasn’t just to build another B2B payments tool — it was to create the most comprehensive, purpose-built payment platform for managed service providers (MSPs). We knew the channel was underserved. We knew legacy systems were holding great companies back. And we knew we could fix it.
So today, I’m honored to share that we’ve raised $22 million.
This milestone is a testament to the incredible work our team has done to bring modern, autonomous payment infrastructure to MSPs. From day one, we’ve been focused on improving how and when businesses get paid. Now, we are going to be moving even faster.
We’re proud to be backed by two incredible firms: MissionOG and Third Prime, both of whom have deep experience scaling fintech and infrastructure platforms. MissionOG brings a rich track record in payments, having helped build foundational systems in the space. Third Prime’s portfolio shows their conviction in supporting bold teams that rethink outdated industries. With their support, we’re ready to take our mission to the next level.
Our vision has always been clear: build a better experience for MSPs — one that simplifies payments, accelerates cash flow, and brings more predictability to their business. So far, we’ve done that in accounts receivable, helping our partners cut days sales outstanding by up to 50% through off-the-shelf automation and easy-to-use workflows. But there’s even more we can achieve.
This funding unlocks our next phase:
- We’re expanding the product roadmap, with new automation and analytics tools already in development.
- We’re expanding internationally and anticipate launching in Canada and UK in the coming quarters.Â
- We’re scaling our engineering, support, and operations teams to ensure we deliver faster — and serve you better.
- We’re investing in our go-to-market team — expanding both sales and marketing — to reach more MSPs who deserve a better way to run payments and finance.
- We’re hiring across all positions, and we’ve built an incredible, hardworking, determined, transparent culture. Please reach out, we’d love to hear from you.
We’re also staying true to our roots: Alternative Payments remains majority owned by its employees. We’re not being acquired, folded in, or rebranded. We’re doubling down on innovation and our commitment to the MSP channel — on our terms, for your benefit.
And we know this work couldn’t come at a more important time.
With rising costs, volatile markets, and economic uncertainty shaking confidence across the U.S. and global stage, MSPs need stability — and that starts with consistent cash flow. Our platform helps MSPs get paid faster, reduce their days sales outstanding, and improve cash flow predictability. In uncertain times, that’s not just helpful — it’s critical.
We remain committed to helping MSPs operate with more financial confidence, even when the broader environment is anything but predictable.
This is a defining moment — not just for us, but for what it means to build great fintech for overlooked industries. And I couldn’t be more excited for what’s ahead.
If you’re a partner, thank you for helping us get here. If you’re a prospect, I hope you’ll take a closer look. If you’re an MSP who’s just curious — come see what we’re building.
We’ll be sharing more during our live webinar on April 30th. I hope you’ll join us.
– Baxter Â
Click here to view coverage in the media.
Check out an exclusive interview of Baxter Lanius with Axios.
