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Alternative Payments

AR automation for offline SMEs payments

Forward Deployed Engineer - Operations

Full-Time
$200k - $250k/yr+ Equity
Mid
New York, NY, USA
HybridHybrid work arrangement in New York.
Software EngineeringAI Application Engineering

About the job

Requirements
  • Deep architectural knowledge and the ability to evaluate whether systems are built correctly.
  • Platform and infrastructure fluency, including Kubernetes, cloud infrastructure, and data pipelines.
  • Strong full-stack software engineering ability with independent production delivery and end-to-end system ownership.
  • An AI-native way of working using multiple models, custom agents, and specialized contexts in planning, building, and shipping.
  • Proficiency in, or the ability to quickly ramp on, TypeScript, Next.js, Python, Go or Rust, Kubernetes, PostgreSQL, and Amazon Web Services.
  • Experience designing and evolving scalable systems while evaluating tradeoffs for stakeholders and end users.
  • Ability to take projects from end to end, including technical execution, stakeholder communication, and delivery accountability.
  • Ability to work cross-functionally across Operations, Product, and Data while switching contexts among different stakeholders.
  • Ability to operate autonomously in ambiguity, make decisions, and take accountability for outcomes.
  • Ability to balance fast, pragmatic implementation with production-grade reliability, performance, and maintainability.
Responsibilities
  • Own initiatives end to end by understanding business problems and building systems that solve them.
  • Build internal AI data infrastructure that consolidates business knowledge and makes it usable across teams.
  • Build internal versions of Sales, Customer Success, and Marketing tools tailored to company workflows.
  • Build and maintain Operations, Finance, and Super Admin dashboards and their supporting automations.
  • Turn prototypes into production systems, including internal applications, automations, product integrations, new-vertical features, and deterministic agentic workflows.
  • Work directly with the Product Engineering team on early-stage product ideas and translate business context into technical decisions.
  • Review AI-assisted production code, including architecture, infrastructure decisions, and pull requests, for safety, reliability, and technical debt.
  • Design and build reliable, performant, maintainable systems for production use in financial operations.
  • Contribute to the engineering team through code review, architecture feedback, and shared engineering standards.
  • Support non-technical subject matter experts in deploying products to the production codebase.
  • Build systems from scratch and refine coding harnesses to make them more usable for non-technical users.
  • Make autonomous technical and business decisions and take accountability for outcomes.
Desired Qualifications
  • Experience at a fintech or payments company or in work closely related to money movement.
  • Experience contributing to billing, payments, or quote-to-cash systems.
  • Experience building internal tools, admin panels, or business-facing dashboards.
  • Familiarity with event-driven architectures such as RabbitMQ.
  • Experience at a fast-scaling startup or owning systems end to end close to the business.

About the company

Alternative Payments helps offline, service-based businesses manage money better by providing AR automation software that streamlines payment processing, invoice management, and overdue collections. The product automates tasks like processing payments, pursuing overdue charges, and handling invoices, using a user-friendly interface that SMEs can adopt quickly. Unlike many fintechs that target larger enterprises or online-only models, it focuses on small to medium-sized service providers that previously lacked access to advanced financial tools. Revenue comes from a mix of subscription fees for the software and transaction fees for payment processing. The goal is to save businesses time, improve cash flow, and support growth by simplifying payments and collections.

Company Size

51-200

Company Stage

Seed

Total Funding

$4M

Headquarters

New York City, New York

Founded

2021

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Simplify's Take

What believers are saying

  • Delmar Insights acquisition on November 4, 2025 created a tighter payments-and-intelligence product story.
  • The June 3, 2026 LedgerWay partnership expands access to 5,000 small businesses immediately.
  • Canada expansion and $22 million financing from MissionOG and Third Prime fund broader growth.

What critics are saying

  • Tracxn counted 156 competitors in June 2026, including Billtrust, DadeSystems, and RoadSync.
  • FlexPoint and QuickBooks Payments target MSPs with simpler pricing, pressuring Alternative Payments' channel margins.
  • If MSP partners switch to bundled accounting suites, Alternative Payments loses distribution and becomes irrelevant.

What makes Alternative Payments unique

  • June 2026 LedgerWay made Alternative Payments its recommended AR automation platform for 5,000 clients.
  • The platform combines payments, invoicing, reconciliation, and Delmar Insights analytics into one MSP system.
  • Canada launch added Toronto, Vancouver, and CAD/EFT rails, extending cross-border collections capabilities.

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Benefits

  • Unlimited Paid Time Off
  • Hybrid Work Options
  • Company Equity
  • Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

26%

1 year growth

26%

2 year growth

26%
PR Newswire
Oct 15th, 2026
Alternative Payments launches Alti, AI financial intelligence that cut days to collect by 42%

Alternative Payments, a New York-based AI financial operations platform for service businesses, has launched Alti, a financial intelligence tool built into its platform. Alti works across accounts receivable, analytics, and accounts payable. It answers questions from live business data, suggests next steps, and carries out actions that teams approve. More than 1,000 companies use Alternative Payments. Its teams have cut days to collect by 42% and save more than five hours a week per accounts receivable operator. "The companies that accelerate will focus 100% of their time on clients, pricing, and growth, and the rest of their business will be automated," said Baxter Lanius, founder and chief executive officer. Alti is now widely available after a soft launch. The company will show it at IT Nation Connect Global in Orlando, Florida, November 4-6, 2026.

ChannelE2E
Oct 14th, 2026
Alternative Payments brings agentic AI to MSP back-office operations.

Alternative Payments brings agentic AI to MSP back-office operations. October 14, 2026 MSPs have spent years automating service delivery, but many financial processes still depend on manual work. Alternative Payments aims to change that with Alti, an AI-powered assistant that goes beyond financial reporting to recommend and execute approved actions. As ChannelPro recently reported, the platform is designed to help MSPs improve profitability while reducing administrative workloads. Alti works across accounts receivable, accounts payable and financial analytics, using live business data to identify overdue invoices, evaluate client profitability and prepare collection emails for approval. It also offers automated reports, cash flow insights and peer benchmarking, while integrating with platforms including ConnectWise, Autotask, HaloPSA and QuickBooks. Alternative Payments says its existing platform, used by more than 1,000 companies, has helped customers reduce collection times by 42% and save more than five hours weekly per accounts receivable operator. The bigger opportunity for MSPs is shifting from reactive financial management to proactive business operations. Rather than simply alerting employees to unpaid invoices or underperforming accounts, agentic workflows can recommend next steps and handle approved tasks. With Service Leadership reporting adjusted EBITDA margins of 20% to 21% among top-performing IT solution providers, compared with 9% to 10% for median performers, reducing administrative overhead and improving financial visibility could help MSPs close the profitability gap. Alti is now widely available following a limited rollout. An in-depth guide to AI. Get essential knowledge and practical strategies to use AI to better your security program.

Small Business PR
Jun 3rd, 2026
Small business news releases.

Small business news releases. Alternative Payments and LedgerWay announce strategic partnership to bring ai-powered AR automation to more than 5,000 small businesses. Through the partnership, LedgerWay will make Alternative Payments available to its 5,000+ business clients - providing AI-powered workflow automation, faster collections, and modern payment infrastructure NEW YORK, June 3, 2026 /PRNewswire/ - Alternative Payments, a leading AI-powered B2B payments and accounts receivable (AR) automation platform, and LedgerWay, a leading accounting and advisory firm serving thousands of small businesses across the country, today announced a strategic partnership to bring industry-leading AR automation to more than 5,000 small businesses across North America. Through the partnership, LedgerWay continues to build on its mission as a trusted advisor and growth partner to its clients - making Alternative Payments available as its recommended AR and payments automation solution. For LedgerWay's clients, the partnership delivers immediate access to Alternative Payments' industry-leading AR automation suite, including AI-powered workflow automation, secure online payment portals, automated invoicing, real-time payment tracking, invoices and cash reconciliation, and native integrations with accounting and ERP platforms. For LedgerWay's accountants, the partnership creates a single pane of glass to manage AR and payments across their client book - enabling proactive growth and collections advisory that fragmented legacy systems can't support. "The accounting industry has been one of the largest and longest-overlooked segments in B2B payments. Small businesses across the country are still being asked to chase down invoices manually, and their accountants lack the infrastructure to help solve it at scale," said Baxter Lanius, Founder and CEO of Alternative Payments. "Alternative Payments was built to close that gap. Partnering with LedgerWay accelerates that effort across thousands of small businesses immediately. LedgerWay is exactly the kind of firm we built this platform for - deeply established, technology-forward, and obsessively focused on helping their clients grow." Serving thousands of small businesses across the United States, LedgerWay has built a leadership position in the accounting industry by combining a 50-year history with a modern, growth-focused advisory model. They see accurate filing and clean books as the floor, not the ceiling. They help clients scale through technology and proactive guidance across tax, accounting and business advisory. The Alternative Payments partnership enhances that model, embedding industry-leading AR infrastructure across LedgerWay's client base. "At LedgerWay, our job isn't just to keep our clients compliant. It's to be the proactive partner that actively helps them grow. And this partnership is a natural fit for that vision," said Damyan Dimitrov, Founder and CEO of LedgerWay. "Alternative Payments will deliver significant value to our clients with faster collections, better cash flow, and real savings that materially impact how fast our clients' businesses can grow. And that's what it's all about." The partnership advances Alternative Payments' expansion into the accounting industry, joining existing verticals that span managed service providers, IT services, and services businesses throughout North America. About LedgerWay LedgerWay is a modern tax, accounting, and advisory firm built for growth-minded small businesses and entrepreneurs. Founded in 2022, LedgerWay brings together a network of firms with roots dating back over 50 years, combining decades of small-business expertise with a modern, integrated approach to financial partnership. The firm is built around a simple promise: bring clarity to the numbers, confidence to decisions, and momentum to growth so small businesses thrive. With offices across Georgia, Florida, Texas, and California, LedgerWay's team of CPAs and Enrolled Agents serves over 5,000 businesses nationwide. LedgerWay operates under the Alternative Practice Structure (learn more). About Alternative Payments Alternative Payments is a leading B2B payments and accounts receivable automation platform, serving thousands of businesses across North America. The company's platform delivers end-to-end automation - including AI workflow automation, automated invoicing, secure online payment portals, real-time payment tracking, and invoice and cash reconciliation - with direct integrations into leading ERP, PSA, and accounting systems. To learn more about Alternative Payments, visit the website. SOURCE Alternative Payments

PR Newswire
Nov 4th, 2025
Alternative Payments Acquires Delmar Insights to Deliver the First AI-Powered Payments and Intelligence Platform

/PRNewswire/ -- Alternative Payments, the leading financial operating system for B2B services companies, today announced that it has acquired Delmar Insights,...

Fintech.ca
Sep 23rd, 2025
Alternative Payments Expands to Canada, Raises $22M

New York-based fintech Alternative Payments is expanding into Canada, marking its first international market presence. The company is opening offices in Toronto and Vancouver to enhance partner engagement and customer support. This expansion follows a $22M funding round led by MissionOG and Third Prime, enabling the company to scale globally and improve payment solutions for underserved industries.