About Paymerang
Paymerang is a company based in Richmond (United States) founded in 2010 was acquired by Corpay in May 2024. Paymerang has raised $36 million across 3 funding rounds from investors including Corpay, Bank at Union and Aldrich Capital Partners. The company has 55 employees as of December 31, 2022. Paymerang has completed 2 acquisitions, including KwikTag and Sypht. Paymerang offers products and services including Invoice Automation, Payment Automation, Receivables Automation, and Purchase Order Automation. Paymerang operates in a competitive market with competitors including Tipalti, MineralTree, Nvoicepay, Solo Technologies and Resolve Corp, among others.
- Headquarter Richmond, United States
- Employees 55 as on 31 Dec, 2022
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Sectors
TechnologyFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Green Payments Company Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$36 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series B
Feb 03, 2021
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Investors
Corpay
& 2 more
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Employee Count
55
as on Dec 31, 2022
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Investments & Acquisitions
KwikTag
& 1 more
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Acquired by
Corpay
(May 08, 2024)
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Products & Services of Paymerang
Paymerang offers a comprehensive portfolio of products and services, including Invoice Automation, Payment Automation, Receivables Automation, and Purchase Order Automation.
Automates invoice capture and approval for efficient business processing.
Streamlines payment processes with secure electronic delivery and reconciliation.
Facilitates billing and cash application for faster vendor payments.
Manages purchase orders to enhance procurement efficiency and accuracy.
People of Paymerang
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Funding Insights of Paymerang
Paymerang has successfully raised a total of $36M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in February 2021. 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.
Investors in Paymerang
Paymerang has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Corpay, Bank at Union and Aldrich Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
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US tech companies are invested in by Aldrich Capital Partners.
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Commercial bank
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Software solutions for payment automation and expense management are provided.
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Investor details for Paymerang
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Investments & Acquisitions by Paymerang
Paymerang has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include KwikTag and Sypht.
Investment portfolio details for Paymerang
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Business data and document automation tools are provided.
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Document management system provider
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Locked | Locked | 1997 | Locked |
Complete acquisition details for Paymerang
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Financial Statements - Paymerang
Detailed financials for Paymerang
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Paymerang Comparisons
Peer comparison for Paymerang
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Competitors of Paymerang
Paymerang 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 Tipalti, MineralTree, Nvoicepay, Solo Technologies and Resolve Corp, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Cloud-based accounts payable automation is delivered for businesses.
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AP automation, commercial cards, and cross-border payments are provided.
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Online platform offering income, and expenses tracking solutions to individuals
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Provider of B2B net terms financing and accounts receivable automation
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Detailed competitors of Paymerang
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Latest news on Paymerang
Complete news archive for Paymerang
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Frequently Asked Questions about Paymerang
Paymerang was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Paymerang is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Paymerang is a funded company, having raised a total of $36M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Paymerang is 55.
Paymerang was founded in 2010 in Richmond, United States, within the fintech sector focused on accounts payable. AI-driven solutions for invoice processing, payment automation, and B2B electronic transfers are provided, with integration to existing accounting software ensured. Partnerships with VISA, The Bancorp Bank, and CSI support options like VISA cards, ACH, and checks. Transactions are handled through cloud uploads, eliminating needs for new installations.
Paymerang's top competitors include Tipalti, Solo Technologies and MineralTree.
Paymerang offers Invoice Automation, Payment Automation, Receivables Automation, and Purchase Order Automation.
Paymerang has 3 investors. Key investors include Corpay, Bank at Union, and Aldrich Capital Partners.