NORBr, a Dutch Payment Infrastructure as a Service (IaaS) provider, has successfully secured €3 million in a funding round.
According to EU Startups, this investment was led by Alstin Capital and included contributions from the previous lead investor, Portfolio. The fresh capital is aimed at advancing NORBr’s payment terminal management, operational efficiency (PayOps), and compliance features.
The company is at the forefront of addressing the evolving needs of the global payments market, which is anticipated to grow to a whopping €2.1 trillion by 2027. NORBr specializes in creating no-code, flexible platforms that enable rapid deployment and provide cost-effective payment infrastructure solutions. Their integration with payment service providers (PSPs) and acquirers allows clients to efficiently manage multiple payment channels, both online and in-store.
What sets NORBr apart is its unique capability for fast integration and adaptability. With tools like Mapper™, merchants can connect to multiple PSPs and onboard new partners in days rather than months. This reduces the need for extensive technical resources and allows for quick market access, significantly enhancing resilience in managing complex payment flows.
Andreas Schenk, Principal at Alstin Capital, praised NORBr’s capabilities and potential: “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 modernisation of legacy systems. We couldn’t be happier to have such a talented team in our portfolio.”
The funding will fuel NORBr’s product roadmap which includes developing advanced omnichannel features, further automating operations, and enhancing compliance tools. Additionally, it will support strategic hires to expand platform capabilities and improve client support. The platform has already achieved success across various markets, serving a roster of clients including luxury brands, health-focused companies like Welltech, and financial service providers such as Equals Money and OnRamp.
NORBr CEO, Nabil Naimy, said, “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 maximises client value.”
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