Amsterdam-based fintech startup NORBr has raised €3 million to enhance its white-label Payment Infrastructure as a Service (PaaS) platform. Alstin Capital led the funding round, which also received support from PortfoLion Capital Partners.
- Founded in 2021 by Nabil Naimy, NORBr develops a white-label Payment Infrastructure as a Service (PaaS) platform that helps businesses streamline and scale their payment operations.
- NORBr’s Mapper™ tool enables merchants to connect with multiple PSPs and integrate new partners in days, reducing the need for extra technical resources. It also offers flexible routing to manage payment flows efficiently across in-store and online channels.
"NORBr was created to solve these issues, providing a robust and innovative infrastructure that supports legacy upgrades and facilitates new market entries for our clients. Our lean, capital-efficient approach has enabled us to deliver a highly impactful solution that maximizes client value," CEO of NORBr, Nabil Naimy, stated.
- According to the startup, it offers over 500 payment methods, supports 180+ global currencies, including cryptocurrencies, and provides more than 90% savings in development time and costs. It is trusted by payment partners such as Hayvn, Cybersource, Nuvei, and ACI Worldwide.
Details of the deal
- The funding round was led by Alstin Capital, a Munich-based venture capital firm that invests in B2B companies at the Seed and Series A stages, with additional support from PortfoLion Capital Partners, the Budapest-based venture capital and private equity arm of OTP Bank.
“We are thrilled to support such an experienced team in building the next generation of payment infrastructure. It enables the fast and secure integration of new payment service providers worldwide, both in physical and online retail. We couldn’t be happier to have such a talented team in our portfolio," Principal at Alstin Capital, Andreas Schenk, commented.
- The startup will use the funds to develop omnichannel payment features, expand its reach to serve PayFacs, ISVs, and ISOs, and help businesses modernize their payment infrastructure to seize new market opportunities.
