Mergermarket covered Alternative Payments’ active acquisition strategy, reporting that CEO Baxter Lanius is in discussions with multiple potential targets as the company projects approximately $10 million in revenue for 2025. The piece details how the New York-based B2B payments platform has been fielding increasing seller inquiries across the US and Canada over the past six months.
The coverage emphasizes Alternative Payments’ focus on historically underserved markets, particularly blue-collar service sectors including landscaping, HVAC, and cleaning services. Lanius highlighted the company’s unique position in serving IT services organizations with $3-5 million in annual revenue—a segment he describes as “historically overlooked by fintech innovation.” With recent funding of $25 million and plans for Canadian expansion in Q3, the debt-free company is positioned for continued growth in the $1.8 trillion US IT services market.
