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
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Phone
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Website
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Social
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- Legal Name Green Payments Company Llc
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $10.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Series B - Paymerang | Valuation | Aldrich Capital Partners |
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| Mar, 2018 | Amount | Series B - Paymerang | Valuation | Aldrich Capital Partners |
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| Jan, 2014 | Amount | Seed - Paymerang | Valuation | Union Bank & Trust |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 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. 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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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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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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Business data and document automation tools are provided.
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Document management system provider
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Paymerang
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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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Paymerang Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
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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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paymerang
Frequently Asked Questions about Paymerang
When was Paymerang founded?
Paymerang was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Paymerang located?
Paymerang is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Is Paymerang a funded company?
Paymerang is a funded company, having raised a total of $36M across 3 funding rounds to date.
How many employees does Paymerang have?
As of Dec 31, 2022, the latest employee count at Paymerang is 55.
What does Paymerang do?
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.
Who are the top competitors of Paymerang?
Paymerang's top competitors include Tipalti, Solo Technologies and MineralTree.
What products or services does Paymerang offer?
Paymerang offers Invoice Automation, Payment Automation, Receivables Automation, and Purchase Order Automation.
How many acquisitions has Paymerang made?
Who are Paymerang's investors?
Paymerang has 3 investors. Key investors include Corpay, Bank at Union, and Aldrich Capital Partners.
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