NORBr with 3 million euro financing round

NORBr raises €3 million to scale its no-code platform for PSPs and acquirers globally - Alstin Capital leads the round

Amsterdam, November 25, 2024 - Startup NORBr, a provider of no-code solutions for payment infrastructures, has raised €3 million in a funding round. The round was led by Alstin Capital, with additional support from Portfolion, the lead investor from the previous round. The funds will be used to further develop the platform, including new features for omnichannel solutions, automated processes and compliance tools.

NORBr business model

NORBr's platform enables payment service providers (PSPs) and acquirers to efficiently manage payment flows across different channels. With tools such as the Mapper™, new providers can be integrated within days, significantly reducing development time and costs. The company already serves clients in the luxury brands, healthcare and financial services sectors, including Welltech and Equals Money.

According to Andreas Schenk, Principal at Alstin Capital, NORBr offers a "future-proof infrastructure that facilitates the transition from legacy systems and opens up new market opportunities". NORBr CEO Nabil Naimy emphasized the vision of providing customers with a scalable and innovative solution that meets modern demands while modernizing existing systems.

With the fresh capital, NORBr plans to expand its omnichannel capabilities, strengthen its team and enter the global market.