Alternative Payments, the fintech startup on a mission to modernize financial infrastructure for managed service providers (MSPs), has announced a $22 million funding round, marking a major milestone in its journey to revolutionize B2B payments.
Founded with the goal of building the most comprehensive, purpose-built payment platform for MSPs, Alternative Payments has quickly established itself as a game-changer in a space historically underserved by legacy systems. The new investment, led by MissionOG and Third Prime, will fuel the company’s next phase of growth — including product expansion, international launches, and team scaling.
“This milestone is a testament to the incredible work our team has done to bring modern, autonomous payment infrastructure to MSPs,”
said the company’s founder in a statement.
“From day one, we’ve been focused on improving how and when businesses get paid. Now, we are going to be moving even faster.”
Strategic Backing from Industry Veterans
The round is backed by MissionOG, known for its deep expertise in payments and infrastructure, and Third Prime, a firm with a strong track record of investing in companies that are disrupting legacy industries. Their support reinforces confidence in Alternative Payments’ mission and potential to redefine the MSP financial landscape.
“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,”
said the company.
Accelerating Growth and Global Reach
With the new funding, Alternative Payments plans to:
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Expand its product roadmap with new automation and analytics tools;
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Launch operations in Canada and the UK in the coming quarters;
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Scale its engineering, support, and operations teams;
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Invest heavily in go-to-market initiatives across sales and marketing;
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Continue building its culture by hiring across all departments.
Despite this rapid expansion, the company remains committed to its independent ethos.
“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,”
the founder emphasized.
Meeting the Moment for MSPs
As rising costs and global economic volatility strain small and medium-sized businesses, MSPs are seeking more predictable cash flow. Alternative Payments says its platform can reduce days sales outstanding (DSO) by up to 50%, providing the consistency that MSPs need now more than ever.
“This is a defining moment — not just for us, but for what it means to build great fintech for overlooked industries,”
said the founder.
“We remain committed to helping MSPs operate with more financial confidence, even when the broader environment is anything but predictable.”
To share more about its vision and roadmap, the company will host a live webinar on April 30th.
