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Professional Services
April 24, 2025
PYMNTS.com: Alternative Payments Raises $22 Million for B2B Platform for 'Underserved Industries'

PYMNTS.com reported on Alternative Payments securing $22 million in total funding, led by MissionOG and Third Prime. The article highlights the company’s mission to digitize and automate B2B payment workflows for industries historically overlooked by fintech innovation, including IT service providers, managed services providers, and blue-collar industries.
The coverage emphasizes how Alternative Payments’ platform addresses challenges such as delayed invoice processing and cross-border payment friction, leading to a reported 40–50% reduction in days sales outstanding for its customers. The article also notes the company’s focus on automation, ease of use, and advanced analytics as key factors in transforming how businesses manage payments and cash flow.
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