Norbr, an Amsterdam-based Payment Infrastructure as a Service (IaaS) provider, has secured €3 million in funding, with Alstin Capital leading the investment round and existing backer Portfolion also participating.
The company currently serves a diverse range of clients, including renowned luxury brands, health-focused companies like Welltech, and financial services such as Equals Money and OnRamp. Norbr’s no-code platform is designed to offer a speedy and cost-effective launchpad for both online and in-store merchant payment capabilities, seamlessly integrating with payment service providers and acquirers.
Norbr’s Mapper tool allows merchants to connect with multiple payment service providers and onboard new partners in days, rather than months. CEO Nabil Naimy states, “With our extensive experience in building payment platforms, we’ve encountered the challenges of high investment, delays, and the ongoing demands of platform management. Norbr was created to address these issues, offering a robust and innovative infrastructure that supports legacy upgrades and facilitates new market entries for our clients.”
The company plans to invest the new capital into product development, compliance tools, and expanding its workforce.