About Alterna Capital Solutions
Alterna Capital Solutions is a company based in Orlando (United States) founded in 2018 by Stan Carpenter was acquired by Paychex in October 2023.. Alterna Capital Solutions has raised $15 million across 6 funding rounds from investors including Paychex, Bank of America and Wells Fargo. Alterna Capital Solutions operates in a competitive market with competitors including Moniepoint, Golub Capital, eCapital, Choice and Benefit Street Partners, among others.
- Headquarter Orlando, United States
- Founders Stan Carpenter
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Alterna Capital Solutions
Alterna Capital Solutions has successfully raised a total of $15M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $65 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $65.0M
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First Round
First Round
(18 Sep 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Debt – Conventional - Alterna Capital Solutions | Valuation |
investors |
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| Mar, 2021 | Amount | Debt – Conventional - Alterna Capital Solutions | Valuation |
investors |
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| Aug, 2020 | Amount | Debt – Conventional - Alterna Capital Solutions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Alterna Capital Solutions
Alterna Capital Solutions has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Paychex, Bank of America and Wells Fargo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A private equity firm focused on lower middle market investments.
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Founded Year | Domain | Location | |
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alterna Capital Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alterna Capital Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alterna Capital Solutions Comparisons
Competitors of Alterna Capital Solutions
Alterna Capital Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, Golub Capital, eCapital, Choice and Benefit Street Partners, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
Private debt investments are managed for U.S. middle market companies.
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| domain | founded_year | HQ Location |
Provider of asset-based, supply chain, and invoice financing solutions
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| domain | founded_year | HQ Location |
A full-service stockbroker offering diverse investment options in India.
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| domain | founded_year | HQ Location |
Credit-focused alternative asset management firm
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| domain | founded_year | HQ Location |
Diversified lending services are provided by this non-banking financial institution.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alterna Capital Solutions
Frequently Asked Questions about Alterna Capital Solutions
When was Alterna Capital Solutions founded?
Alterna Capital Solutions was founded in 2018.
Where is Alterna Capital Solutions located?
Alterna Capital Solutions is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Is Alterna Capital Solutions a funded company?
Alterna Capital Solutions is a funded company, having raised a total of $15M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $30M, raised on Sep 18, 2018.
What does Alterna Capital Solutions do?
Alterna Capital Solutions was founded in 2018 by Stan Carpenter in Orlando, United States. Operations are focused on the financial services sector, where working capital loans are extended to small and medium-sized enterprises. Funding solutions are tailored to address short-term liquidity needs, supporting inventory, payroll, and expansion activities. The company maintains a presence in the U.S. market, with services delivered through an online domain at alternacs.com.
Who are the top competitors of Alterna Capital Solutions?
Alterna Capital Solutions's top competitors include eCapital, Golub Capital and Clearinghouse CDFI.
Who are Alterna Capital Solutions's investors?
Alterna Capital Solutions has 6 investors. Key investors include Paychex, Bank of America, Wells Fargo, Texas Capital Bank, and Wellsfargocapitalfinance.