New York City-based Alpha Payments Cloud (APC), a payments-focused cloud-based IT startup, announced this week a $12 million seed round funded by an angel investor. The company plans to introduce new cloud-based payment platforms that change the way payment products are developed while simplifying and connecting the payments world.
APC’s enterprise app store is designed to connect merchants, banks and payment products to one payments ecosystem and provide the flexibility to easily find, select, switch and combine products.
“We are positioning ourselves to be the Android of the payments industry,” said Alpha Payments Cloud CEO Oliver Rajic. “We are removing barriers of entry like upfront costs, providing access to global distribution channels and boosting time to market for all parties. Our new technology and fresh approach create a frictionless payments ecosystem that fosters product innovation.”
APC offers a unique business intelligence tool that allows merchants to consolidate multiple reports into a single smart reporting tool. The company provides banks with instant access to dozens of new products, which leads to additional revenue channels and speeds product development. And, with shorter integration cycles, product providers see a simplified sales cycle and quicker access to revenue.
By hosting its products entirely in the cloud, APC can achieve processing speeds up to 100 times faster than traditional methods, which provides improved decision-making capability when it matters the most – at the time of the transaction.
You can learn more about Alpha Payments Cloud, and request a personalized demo, on their website.