Funding Round attributes
Amsterdam-based Payment Infrastructure as a Service (IaaS) provider NORBr has secured €3 million in a recent funding round led by Alstin Capital, with participation from previous lead investor Portfolion. This investment aims to enhance NORBr's product development, focusing on features for managing payment terminals, operational efficiency, and compliance.
The global payments market is projected to reach $2.2 trillion by 2027. However, substantial development costs and extended timelines pose challenges for operators seeking to modernize or launch payment solutions. NORBr addresses these challenges by offering routing capabilities that facilitate faster market access and increased resilience in managing payment flows.
NORBr's clientele includes luxury brands, health-focused companies like Welltech, and financial service providers such as Equals Money and OnRamp. The €3 million funding will accelerate NORBr's roadmap, including the development of advanced omnichannel features, operational automation, and compliance tools. Additionally, the company plans to make targeted hires in key areas to expand platform capabilities and enhance client support.
A representative from Alstin Capital expressed enthusiasm for supporting NORBr's experienced team in building the next generation of payment infrastructure. They highlighted the company's enterprise-level technology and impressive customer base. The no-code, omnichannel solution offers two key advantages: enabling fast and secure integration of new payment service providers worldwide, both in physical and online retail, and facilitating the modernization of legacy systems.
This funding round marks a significant milestone for NORBr as it continues to innovate in the payment infrastructure sector, aiming to provide efficient and resilient solutions for its diverse clientele.
