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.

How many employees does Paymerang have?

As of Dec 31, 2022, the latest employee count at Paymerang is 55.

Is Paymerang a funded company?

Paymerang is a funded company, having raised a total of $36M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 06, 2014.

When was the latest funding round of Paymerang?

Paymerang's latest funding was a $***** Series B round on Feb 03, 2021, with participation from 1 investor.

Where does Paymerang rank among its competitors?

Paymerang ranks 4th amongst 70 active competitors, of which 24 are funded. It stands 4th in terms of total funding among its competitors.

Who are the top competitors of Paymerang?

Paymerang's top competitors include Tipalti, MineralTree and Solo Technologies. Among them, Paymerang secured the most recent funding round in February, 2021.

Paymerang - 2026 Company Profile, Team, Funding & Competitors

Paymerang is an acquired company based in Richmond (United States), founded in 2010. It operates as an AI-based invoice, payment, and accounts payable automation solutions for businesses. Paymerang has raised $36M in funding from Aldrich Capital Partners and Union Bank & Trust. The company has 70 active competitors, including 24 funded and 11 that have exited. Its top competitors include companies like Tipalti, MineralTree and Solo Technologies.

Company Details

AI-based invoice, payment, and accounts payable automation solutions for businesses. It provides B2B electronic payments and money transfer services while allowing its clients to keep using the existing accounting software. Payment processing partners of The Payments Company include VISA, The Bancorp Bank, and CSI. Supports VISA card, ACH, and check payment options. The vendor need not install any new software, only upload all transaction details into the cloud, and the transaction is completed in the selected method.

Website: paymerang.com
Social
Email ID: *****@paymerang.com, *****@paymerang.com
Phone Number: +1 **********

Key Metrics

Founded Year

2010

Location

Richmond, United States

Stage

Acquired

Total Funding

$36M in 3 rounds

Latest Funding Round

Series B, Feb 03, 2021, $*****

Investors

Aldrich Capital Partners & 2 more

Ranked

4^th among 70 active competitors

Employee Count

55 as on Dec 31, 2022

Investment & Acquisitions

Sypht & 1 more

Similar Companies

Tipalti & 233 more

Exit Details

Acquired by Corpay (May 08, 2024)

View Paymerang's full profile

Paymerang is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GREEN PAYMENTS COMPANY LLC CIN: 271517964 , United States, Active	Dec 31, 1999	-	33 (As on Dec 31, 2022)	-

Paymerang got acquired by Corpay on May 08, 2024.

Click here to take a look at Paymerang's acquisition in detail

Paymerang has raised a total funding of $36M over 3 rounds. Its first funding round was on Jan 06, 2014. Its latest funding round was a Series B round on Feb 03, 2021 for $*****. 1 investor participated in its latest round. Paymerang has 3 institutional investors.

Here is the list of recent funding rounds of Paymerang:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 03, 2021	3491403	Series B	9318250	1925714	5881731	5044985
Mar 19, 2018	1336208	Series B	6052287	1381565	7627251	3747104
Jan 06, 2014	6301334	Seed	8399327	9959054	Union Bank & Trust	4950327

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View details of Paymerang's funding rounds and investors

Paymerang's employee count trend

Paymerang has 55 employees as of Dec 22. Here is Paymerang's employee count trend over the years:

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Top competitors of Paymerang include Tipalti, MineralTree and Solo Technologies. Here is the list of Top 10 competitors of Paymerang, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Hercules Capital, TrueBridge & 19 others	63/100
2nd	MineralTree 2010, Cambridge (United States), Acquired	Cloud-based accounts payable solutions for businesses	$123M	Great Hill Partners, F-Prime Capital & 3 others	61/100
3rd	Solo Technologies 2020, Seattle (United States), Seed	Online platform offering income, and expenses tracking solutions to individuals	$5.3M	Slow Ventures, Red Sea Ventures & 8 others	60/100
4th	Paymerang 2010, Richmond (United States), Acquired	AI-based invoice, payment, and accounts payable automation solutions for businesses	$36M	BPEA, Aldrich Capital Partners & 1 others	47/100
5th	Incedo 2011, Santa Clara (United States), Funding Raised	Cloud-based business administration and payment solutions for banks and businesses	-	Mission Holdings	55/100
6th	Nvoicepay 2009, Beaverton (United States), Acquired	B2B Electronic Invoicing	$28.8M	SVB, Napier Park Global Capital & 5 others	55/100
7th	Finexio 2015, San Mateo (United States), Series B	B2B network for accounts payable solutions	$83.5M	Patriot Financial Partners, J P Morgan & 40 others	51/100
8th	Beam 2022, San Francisco (United States), Series A	Construction payments management platform	$15M	Accel, Teamworthy Ventures & 5 others	49/100
9th	Eved 2010, Chicago (United States), Series C	Provides spend management and payments platform for businesses	$31.4M	Pritzker Group, MK Capital & 4 others	45/100
10th	AidKit 2021, Denver (United States), Series A	Online grant management platform for government organizations	$8.5M	Blueprint Equity, Gitlabfoundation	44/100