A fully-integrated B2B payments and checkout infrastructure provider based in New York is expanding north of the border.
New York City’s Alternative Payments recently unveiled an official expansion into Canada, which marks the U.S. fintech’s first international market presence.
“Our Canadian expansion represents an extension of our footprint and a critical step toward our vision of building the first truly global alternative payments network,” stated Baxter Lanius, the founder Alternative Payments.
Lanius launched Alternative Payments in 2021 to digitize and automate B2B payment workflows.
“By accelerating how and when businesses get paid, we’re not just improving cash flow—we’re unlocking greater efficiency, stability, and confidence for companies around the world,” he remarked in April.
By modernizing payments, merchant services, and client financing for IT service providers, MSPs, and blue-collar industries, the company is delivering a streamlined alternative to legacy providers, according to the American entrepreneur.
“The market currently lacks sophisticated solutions to automate payments and support companies operating on both sides of the border,” Lanius said this month.
Alternative Payments is opening offices in Toronto and Vancouver with local teams to serve as hubs for partner engagement and customer support.
“We’re excited to bring Canadian businesses a modern, streamlined solution that helps them get paid faster and improve cash flow,” says Lanius, who believes that Alternative Payments is well-positioned to expand into additional global markets.
The expansion follows in an influx of capital. In April, Alternative Payments secured a US $22M round of financing led by MissionOG and Third Prime.
“This raise marks an exciting new chapter for Alternative Payments, allowing us to scale our impact, expand globally, and continue building the infrastructure that will define the future of seamless, secure payments for underserved industries,” Lanius commented at the time.
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