Fintech NORBr raises €3M for payments software

Payment Infrastructure as a Service (IaaS) provider NORBr, has raised €3M in a round led by Alstin Capital, with participation from previous round’s lead investor, Portfolion. This capital will be used for product development, including the advancement of features for managing payment terminals, operational efficiency and compliance.

The global payments market is projected to reach $2.2T by 2027, with substantial development costs and long timelines that create barriers for operators aiming to modernize or launch payment solutions. NORBr’s routing capabilities offer faster market access and increased resilience in managing payment flows. 

Its clients include prominent luxury brands, health-focused companies like Welltech, and financial service providers such as Equals Money and OnRamp. 

This €3M funding round will accelerate NORBr’s roadmap, including the development of advanced omnichannel features, operational automation, and compliance tools. It will also support targeted hires in key areas to expand platform capabilities and enhance client support.

“We are thrilled to support such an experienced team in building the next generation of payment infrastructure. This is evident in their enterprise-level technology and impressive customer base. The no-code, omnichannel solution offers two key advantages: Firstly, it enables the fast and secure integration of new payment service providers worldwide, both in physical and online retail. Secondly, NORBr’s infrastructure facilitates the modernization of legacy systems. We couldn’t be happier to have such a talented team in our portfolio.” said Nabil Naimy, CEO.

“With our extensive experience in building payment platforms, we’ve seen firsthand the challenges of high investment, delays, and the ongoing demands of platform management. 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.”