NORBr Secures €3M to Transform Payment Infrastructure

Venture
·
November 25, 2024
·
1 MIN READ
Sofya Zhamoitina
·
Venture Reporter

NORBr, a no-code Payment Infrastructure as a Service (IaaS) provider, has raised €3 million in a funding round led by Alstin Capital, with Portfolion, the previous round’s lead investor, also participating. This funding will accelerate NORBr’s expansion into omnichannel solutions, strengthen compliance tools, and enhance operational efficiency to meet the evolving needs of payment operators worldwide.

With the global payments market projected to reach $2.2 trillion by 2027, NORBr is addressing the high costs and lengthy timelines that hinder operators from modernizing payment solutions. Its platform enables merchants to streamline operations by connecting with multiple payment service providers (PSPs) through tools like Mapper™, which reduces integration time from months to days. This flexibility allows quick onboarding of new partners and eliminates the need for extensive technical resources, supporting seamless operations across both online and in-store channels.

NORBr has already achieved success across various sectors, supporting luxury brands, health-focused companies like Welltech, and financial providers such as Equals Money and OnRamp. These clients benefit from NORBr’s robust infrastructure, which combines omnichannel readiness with API-first capabilities, ensuring scalability and modernization without the burden of legacy systems.

CEO Nabil Naimy adds: “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.”

NORBr.webp
Image credit: norbr

Get essential startup news and insights — subscribe to the Tribume newsletter