About Paymerang
Paymerang is a Technology company based in Richmond (United States) founded in 2010, and was acquired by Corpay in May 2024. AI-based invoice, payment, and accounts payable automation solutions for businesses. It operates in the Technology and Financial Services sectors. 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. Paymerang has completed 2 acquisitions, including KwikTag and Sypht. Its website paymerang.com draws about 43 thousand monthly visits. Paymerang offers products and services including Invoice Automation, Payment Automation, Receivables Automation, and Purchase Order Automation. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its legal entity is GREEN PAYMENTS COMPANY LLC. Its competitors include Tipalti, MineralTree and Nvoicepay; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Richmond, United States
- Employees 55
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paymerang.com
- Social LinkedIn Facebook
- Acquired by Corpay (May 2024)
- Legal Name Green Payments Company Llc
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.
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 $36M
- Total Rounds 3
- Last Round Series B — $10M
- Investors Count 2
All 3 funding rounds of Paymerang with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | $10M | Series B | – | Aldrich Capital Partners | – |
| Mar 2018 | $26M | Series B | – | Aldrich Capital Partners | – |
| Jan 2014 | Seed | – | Union Bank & Trust | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
US tech companies are invested in by Aldrich Capital Partners. | aldrichcap.com | Vienna, United States | ||
Commercial bank | 1902 | bankatunion.com | Ruther Glen, United States | |
Software solutions for payment automation and expense management are provided. | 2000 | corpay.com | Atlanta, United States |
Investor details for Paymerang
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People of Paymerang
8 people are tracked at Paymerang (5 in leadership, 3 in team); the tracked headcount is 55.
| Name | Role | Group |
|---|---|---|
Meredith Bunker 💭 | Vice President - Product | Leadership |
Greg Marcel | Vice President Operations | Leadership |
Jeff Peppers, MBA | Vice President Of Business Development | Leadership |
Matthew Kirkpatrick | Vice President Of Business Development | Leadership |
Michael Prall | Vice President | Leadership |
Brian Cook | SVP Higher Education And White Label Banking | Team |
Aaron Gyasi | Payment Processor II | Team |
Gerrell Keen | Senior Ui/ux Designer | Team |
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Business data and document automation tools are provided. | sypht.com | Chippendale, Australia | 2018 | Apr 2023 | •••• | |
Document management system provider | kwiktag.com | Tempe, United States | 1997 | Apr 2023 | •••• |
Complete acquisition details for Paymerang
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Timeline of Paymerang
6 dated milestones of Paymerang across 14 years, from founding to its latest funding, stage changes and deals.
Competitors of Paymerang
Paymerang has 3 listed competitors in our database, 3 of them funded. They include Tipalti, MineralTree and Nvoicepay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. | |
| nvoicepay.com | 2009 | Beaverton, United States | $28.79M | 118 | AP automation, commercial cards, and cross-border payments are provided. |
Detailed competitors of Paymerang
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Web traffic of Paymerang
The website of Paymerang (paymerang.com) receives about 42.9K visits a month.
- Monthly visits42.9K
▲ 103.6% vs previous month
Websites whose visitors overlap most with Paymerang. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| corpay.com | 100% | 221.7K | #189,379 | View details | |
| wellsfargo.com | 78% | 104.9M | #241 | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Paymerang (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about 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.
Paymerang has 55 employees.
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, MineralTree and Nvoicepay.
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.
Paymerang operates through Green Payments Company Llc.
Yes. Paymerang was acquired by Corpay in May 2024.