Amsterdam-based NORBr has successfully secured €3 million in funding, with Alstin Capital leading the investment. This strategic financial boost is aimed at enhancing NORBr’s payment infrastructure capabilities, allowing the company to expand its omnichannel solutions and improve operational efficiency and compliance. NORBr plans to leverage these funds to not only enhance its product offerings but also to make targeted hires, thereby maximizing its platform’s capabilities and improving client support. This move is essential as businesses increasingly seek robust and scalable payment solutions to remain competitive in the digital economy.
NORBr, with its flexible, no-code solutions, aims to address long-standing challenges in the payments industry, such as high development costs and prolonged timelines. Historically, payment operators have faced increasing complexity due to evolving regulations and technology demands. NORBr’s approach offers a streamlined alternative to costly internal development or reliance on less flexible legacy systems. The company’s platform integrates smoothly with various payment service providers, offering clients a versatile and resilient payment infrastructure.
How Does NORBr Address the Payment Dilemma?
NORBr effectively offers a solution to the “build or buy” dilemma that operators face when developing payment services. Building a platform requires extensive investment and time, while purchasing often involves selecting rigid systems. NORBr’s platform enables seamless integration with diverse payment channels, reducing the need for additional technical resources. Their innovative Mapper tool facilitates quick onboarding of new payment providers, increasing operational efficiency.
What Challenges Do Payment Operators Face?
Payment operators play a crucial role in the industry but face challenges due to stringent regulations and technological advancements. Over the years, requirements like AML, GDPR, and PCI DSS have escalated, adding complexity and resource demands. NORBr provides a comprehensive solution by offering a ready-to-distribute platform that meets current and future needs, enabling clients to focus on growth and differentiation amid these complexities.
NORBr’s subscription-based model simplifies the building and scaling of payment platforms, offering clients access to a full-featured service without substantial upfront costs. This model covers maintenance, updates, and 24/7 support, ensuring cost-effectiveness. The company’s ability to integrate new payment providers quickly supports its clients’ adaptability in a rapidly changing market. Their robust monitoring systems also ensure uninterrupted service, providing clients with reliability and support as they scale their operations.
The company serves various industries, including luxury, healthcare, and financial services, offering a white-label infrastructure that supports client brand identity. This has enabled NORBr to rapidly scale and process millions of transactions annually, showcasing the platform’s reliability and efficiency. Clients value NORBr’s advanced infrastructure for its seamless payment processing capabilities, which allow them to concentrate on business growth.
Alstin Capital’s investment in NORBr underscores confidence in the company’s enterprise-level technology and market potential. The no-code, omnichannel solution positions NORBr well to facilitate modernisation and integration across various platforms globally. This funding round reflects investor belief in NORBr’s potential to drive future growth and innovation in payment infrastructure solutions.
NORBr’s recent funding is a significant step in its journey to becoming a leading player in the payment infrastructure sector. By addressing industry challenges and offering a flexible, scalable solution, NORBr is poised for substantial growth. The company’s focus on automation and client support ensures it remains agile and competitive. As digital payment solutions become increasingly indispensable, NORBr’s advanced payment infrastructure offers businesses a reliable pathway to modernisation and efficiency.
