NORBr Raises €3M to Enhance Omnichannel Payment Solutions

NORBr, the Payment Infrastructure IaaS solution provider, today announces that it has closed a funding round of €3 million led by Alstin Capital, with Portfolion as a return investor from NORBr’s previous round. This investment will be focused on enhancing the product lineup through features to improve terminal management and operational efficiency while ensuring regulatory compliance.

According to researchers, the global payments market will reach $2.2 trillion by 2027, and hence it is set to become a massive opportunity for businesses operating in the payment infrastructure sector. However, any business entering or upgrading payment solutions faces one significant challenge: high development costs and extended timelines for modernization. NORBr is responding to these by providing faster market access and increased resilience in managing payment flows thanks to its advanced routing capabilities.

Its clients are prominent luxury brands; health-care companies like Welltech, and financial service providers like Equals Money and OnRamp. With this new funding of €3 million, NORBr is ready to speed up its development roadmap, with an increase in added advanced omnichannel features, streamlining automation of operations, and improving compliance tools. The funding will also allow it to add personnel to strengthen its team even further, so as to develop the capabilities of the platform while adequately responding to their increasingly important client base.

On the investment, Nabil Naimy, CEO of Alstin Capital said, “We are excited to back such an experienced team in building next generation of payment infrastructure. Their enterprise-level technology and impressive customer portfolio make it clear that NORBr is leading the way in this space.”. The company’s no-code, omnichannel platform provides two benefits: it lets consumers speedily, safely integrate new payment service providers across their physical and online retail environments, and helps with the modernization of legacy systems. We are delighted to have them on board.

Co-founders NORBr also shared their vision for the future. “Having built our significant share of payment platforms, the pains of heavy investment, delays, and the pressure of having to manage a platform have not been unknown to us,” said the team. “NORBr was created to address these pain points by offering a robust, flexible infrastructure that not only modernizes legacy systems but also facilitates easier market entry for new clients. Our capital-efficient approach has enabled us to create a highly impactful solution that maximizes value for our clients.

The current funding will be instrumental in the mission of NORBr to improve infrastructure so that clients can better manage their payment processes and integrate into global payment providers. NORBr’s lean philosophy is allowing the company to provide an answer to the complexities of managing a payment system as well as modernizing outdated systems. At the same time that demand for seamless payment solutions is rising across industries, NORBr’s innovations in omnichannel services will drive up its chances of competition against others.

The investment will enable NORBr to extend its capabilities along more efficient, faster, and secure solutions for clients cutting across different sectors. The company’s ambition is to continue leading as one of the innovators of payment infrastructure, offering an enhanced platform, which supports back-haul upgrades and new market entry. With this strategic approach in the development of its products and service delivery to clients, NORBr is very well set up for further growth within the shifting landscape of payments.