CRN broke the news that Alternative Payments has raised $22 million in funding to take MSP money movement automation to the next level. The round, led by MissionOG and Third Prime, will fuel product expansion beyond payments, and help grow the team from 45 to 80 by year’s end.
CEO Baxter Lanius told CRN, “We’ve built the biggest financial services team in the space because we believe the opportunity is massive, and our clients are hungry for better tools.” The funding will also support expansion into new markets, with launches in Canada and the UK coming soon.
Since launching in 2024, Alternative Payments has helped MSPs cut days sales outstanding by as much as 50%—not just with software, but with real, hands-on support. As Lanius put it: “We don’t just give MSPs tools. We go to war with them.”
