Alterna Capital Solutions

What Alterna Capital Solutions does

Alterna Capital Solutions is a privately-held Orlando, Florida-based subsidiary of Paychex, Inc. (NASDAQ: PAYX) that provides accounts receivable financing and invoice funding to B2B businesses across North America. The company targets businesses that invoice for payment and face cash flow gaps between invoicing and customer remittance, with documented client relationships spanning nine industries including wholesale, manufacturing, large-fleet transportation (its primary segments), retail, agriculture, oil and gas, IT services, government contracting, and healthcare. Alterna's client base ranges from early-stage consumer brands to mid-market and enterprise operators, with funded facilities ranging from $300,000 to $15 million per relationship.

Alterna's product suite centers on accounts receivable financing and invoice funding, structured to advance typically 80-90% of an invoice's value at origination with the remainder (less fees) released upon customer payment. Adjacent services include credit research (risk signals on customer accounts), cash application (real-time payment tracking and reconciliation), and collection support (invoice follow-up and escalation). The company does not operate a proprietary technology platform; instead it provides technology-enabled processes for credit evaluation, invoice processing, and receivables visibility, delivered through a dedicated client portal. Documented facility structures include standalone AR lines as well as asset-based lending facilities combining receivables and inventory advances, the latter executed via a co-lending partnership with an inventory financing partner.

The business model is transaction-fee based, with pricing negotiated per client based on invoice quality, customer creditworthiness, and receivable profile (no public standard pricing tiers). Alterna pursues a sales-led go-to-market combining direct outreach, website-driven inbound inquiries, Paychex account-representative referrals, and industry broker introductions. Paychex's institutional backing provides capital access and credibility, while its small-business client base functions as a primary referral channel that distinguishes Alterna from non-bank alternative lenders without an embedded payroll provider relationship. Alterna operates without publicly disclosed revenue, funding history, or external investors; the company is wholly owned within the Paychex corporate structure.

Name

Alterna Capital Solutions

Legal name

Alterna Capital Solutions

Website

https://alternacs.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Alterna Capital Solutions is a privately-held Orlando-based subsidiary of Paychex providing accounts receivable financing and invoice funding to U.S. and Canadian B2B businesses. It advances 80-90% of invoice values with same-day funding across wholesale, manufacturing, transportation, and other invoice-driven industries.

Ownership category

akta.pro rank

Product category

Receivables Financing

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Invoice Financing, Factoring & Receivables Management (FSAGAJAB)

akta.pro secondary industries

Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD), Invoice Financing & Factoring (FSAKAGAC)

Keywords

• Accounts receivable financing
• Invoice funding solutions
• Working capital financing
• B2B receivables lending
• Invoice factoring services

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Accounts Receivable Financing: Alterna provides accounts receivable financing where businesses can unlock cash from unpaid invoices. The company advances a percentage of the invoice value (typically 80-90%) upfront and releases the remaining balance (minus fees) once the customer pays. Revenue is generated through transaction fees on funded invoices.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Alterna Capital Solutions provides accounts receivable financing and invoice funding to B2B businesses, advancing 80–90% of invoice value upfront and releasing the balance (minus fees) once the customer pays. Clients can select which invoices to fund, with credit research, cash application, and collection support offered as complementary services that improve receivables visibility and reduce bad-debt exposure.

Product overview

Alterna Capital Solutions is a financing company offering a unified accounts receivable financing and invoice funding platform. The core products include Accounts Receivable Financing and Invoice Funding, which work together to help B2B businesses unlock working capital from unpaid invoices. These are supported by three add-on services: Credit Research (for customer risk assessment), Cash Application (for payment tracking and reconciliation), and Collection Support (for managing outstanding invoices). The platform is designed for businesses across industries including transportation, manufacturing, wholesale, retail, agriculture, oil & gas, IT services, government contracting, and healthcare.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Receivable Financing Core financing solution that allows B2B businesses to unlock working capital from unpaid invoices, advancing a percentage of invoice value upfront with same-day funding capabilities.
• Invoice Funding Funding solution enabling B2B businesses to access cash from unpaid invoices issued to commercial customers, with flexibility to choose which invoices to fund based on business needs.
• Credit Research Service providing real-time credit insights and alerts on risky or late-paying accounts to help B2B clients make informed credit decisions and reduce bad-debt exposure.
• Cash Application Service offering real-time payment tracking, faster reconciliation, and improved visibility into receivables with reduced manual administrative work for B2B clients.
• Collection Support Service providing timely follow-up on outstanding invoices, smart escalation strategies, and better predictability around cash flow while maintaining customer relationships.

Quantifiable outcome

• Approval in as little as 48 hours and same day funding (vs. weeks for traditional bank financing)
• +2 more outcomes

Named customers9 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Inventory Financing Partner (Co-lending Partner)minorStrategic or Co-development PartnerFor Phoenix Footwear Group case study, Alterna structured an ABL facility supported by a co-lending agreement with an inventory financing partner, enabling a $2.5M facility combining receivables and inventory financing. In 2022, they redesigned the structure to bring inventory finance over to Alterna while maintaining the partnership for competitive rates.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BlueVine: BlueVine is a leading fintech providing invoice factoring and lines of credit to SMBs with a digital, fast-approval underwriting model. It directly competes with Alterna in B2B receivables-based working capital for SMBs across multiple verticals.
• Fundbox (now Amex): Fundbox offers invoice-based financing and working capital to SMBs via a quick, technology-led application process. Its product is a direct substitute for Alterna's AR financing and invoice funding offering to invoice-driven B2B clients.
• Triumph Business Capital: Triumph specializes in transportation factoring and working capital for carriers and fleets—one of Alterna's primary verticals. Comparable in product (freight invoice factoring) and customer profile (small-to-mid fleet operators).
• Riviera Finance: Riviera Finance is an established non-bank factoring company serving SMBs across manufacturing, wholesale, and transportation. Similar in offering non-recourse AR financing/invoice discounting and matching Alterna's B2B vertical focus.
• Porter Capital: Porter Capital provides invoice factoring and accounts receivable financing to SMBs, particularly in manufacturing, distribution, and staffing—the same verticals Alterna targets. Highly relevant as a comparable regional/segment-focused non-bank factor.
• TFS Capital (Transportation Financial Services): TFS Capital is a transportation-focused factoring company providing working capital against freight receivables for small carriers—directly comparable to Alterna's large-fleet transportation offering with similar advance rates and speed.
• Headway Capital: Headway Capital (a Newtek company) provides working capital and invoice-backed financing solutions to SMBs. Comparable in targeting similar SMB segments with receivables-driven working-capital products.

Broad incumbents

• American Express (Kabbage / Business Blueprint): Amex acquired Kabbage to provide SMB working capital/line-of-credit products integrated across its payment and business banking offerings. Broader incumbent with overlapping invoice/payment financing capabilities but operating at much larger scale with broader SMB fintech portfolio.
• Newtek Business Lending: Newtek is an established SMB-focused business lender offering working capital lines, factoring, and SBA loans. Compared to Alterna, it is a broader incumbent operating multiple credit products at scale across similar verticals.
• Intuit QuickBooks Capital: QuickBooks Capital leverages Intuit's accounting platform to offer SMB working capital and invoice-based financing to QuickBooks users. Highly relevant as an embedded fintech lender using platform distribution—comparable distribution advantage to Alterna's Paychex relationship, but on a far larger SMB base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alternacs

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alterna Capital Solutions