Listen to this article
Alternative Payments has raised $22 million to expand its MSP-focused payment platform, with backing from MissionOG and Third Prime. The funding supports product development, international expansion, and team growth. The company remains employee-owned and continues to prioritize automation and financial predictability for managed service providers.
$22 Million and a Mission: What This Funding Means for B2B Payments
Alternative Payments has secured $22 million in funding to accelerate the development and expansion of its MSP-first payment platform. The investment is led by MissionOG and Third Prime, two firms with a strong background in fintech and infrastructure scaling.
The funding milestone reflects Alternative Payments’ ongoing effort to provide a purpose-built financial infrastructure specifically for managed service providers (MSPs). Since its inception, the company has focused on redesigning how MSPs get paid—reducing friction, automating receivables, and improving predictability in revenue cycles.
With this funding, Alternative Payments is positioned to move faster in delivering autonomous payment solutions and enhanced financial operations to a historically underserved market segment.
Why the MSP Market Gets Top Priority
Alternative Payments centers its strategy around the needs of MSPs, recognizing that traditional B2B payment systems have not met the specific demands of these service providers. Legacy infrastructure limits flexibility, delays cash flow, and creates inefficiencies that hinder operational stability.
MSPs often face delayed payments and long days sales outstanding (DSO), affecting their ability to maintain consistent financial health. Alternative Payments was designed to mitigate these challenges, offering automated workflows and tools tailored to accelerate collections and optimize cash flow.
The platform’s focus is to simplify the payment process, eliminate manual bottlenecks, and give MSPs a better handle on their financial operations—without relying on general-purpose tools not built for their business model.
New Tools, New Territories: What’s Coming Next
The new capital enables Alternative Payments to accelerate several strategic initiatives, including product expansion and geographic growth. The company is currently developing new automation and analytics capabilities, which are expected to enhance visibility and decision-making for users.
Key developments now underway include:
- Expansion of automation and analytics toolsets
- Upcoming international launches in Canada and the United Kingdom
- Strengthening of engineering, support, and operations teams
- Scaling of go-to-market efforts in sales and marketing
The goal is to reach a broader segment of MSPs, streamline their financial processes, and maintain a strong support infrastructure as the platform grows.
Recommended: IUNU Raises $20 Million In Funding To Scale Its AI-Powered Greenhouse Technology
Fast Payments, Predictable Cash Flow: How the Platform Delivers Results
Alternative Payments reports that its current partners have achieved significant improvements in receivables management. The platform helps businesses reduce their days sales outstanding by up to 50%, leading to faster payments and more stable financial planning.
Its workflows are designed to function out of the box, requiring minimal setup while offering measurable improvements in cash flow. With automation at the core, businesses are able to focus less on chasing payments and more on growth and service delivery.
The emphasis is on delivering tools that shorten payment cycles and enhance financial predictability—a critical need during periods of economic uncertainty.
Backed by Experience: Who’s Investing and Why It Matters
The participation of MissionOG and Third Prime brings strategic value beyond capital. MissionOG has a long-standing track record in payments and has been involved in building foundational systems across the fintech space.
Third Prime supports teams focused on industry reinvention through technology. Its portfolio reflects a commitment to fintech ventures aimed at solving complex, entrenched problems.
Their backing not only validates Alternative Payments’ vision but also strengthens its ability to execute effectively as it scales.
Staying Independent, Staying Focused
Alternative Payments remains majority employee-owned. The company has made it clear that it is not being acquired, rebranded, or absorbed into larger entities.
This decision underlines a long-term commitment to serving MSPs without compromising on product focus or operational autonomy. The internal culture, described as transparent, hardworking, and determined, is seen as central to its progress and future direction.
The funding is being used to double down on the company’s core mission, not to shift its priorities.
What This Means for the Future of Financial Infrastructure in Niche Markets
Alternative Payments’ funding round signals increased attention toward specialized financial infrastructure that caters to overlooked industries. The company’s progress highlights how targeted solutions can unlock value and improve operational reliability in verticals that legacy platforms have failed to serve adequately.
As markets remain volatile and businesses seek more dependable cash flow, platforms like Alternative Payments provide a blueprint for innovation focused on specificity, performance, and clarity in B2B payments.
Please email us your feedback and news tips at hello(at)dailycompanynews.com
