Paymerang
Paymerang provides a fully-managed accounts payable automation platform covering invoice processing, payment execution, and vendor management. It now operates within Corpay's AP Automation division, serving mid-market and enterprise customers across nonprofit, education, and commercial verticals through ERP integrations.
- Company typePrivate
- Founded2009
- HeadquartersRichmond, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Paymerang does
Paymerang provides a fully-managed accounts payable (AP) automation platform that handles the complete digital workflow from purchase orders and invoice processing through payment execution, vendor inquiry management, and reconciliation. Core technology centers on workflow automation, payment execution (virtual card, ACH, and check), and a vendor network of 3.8 million suppliers with self-service onboarding. The platform integrates natively with major ERP systems including Blackbaud Financial Edge NXT, NetSuite, Sage Intacct, Microsoft Dynamics 365, and Acumatica, enabling two-way data synchronization and automatic reconciliation within the customer's general ledger. Differentiated capabilities include rebate-optimized virtual card payments, vendor data management, and exception-handling workflows that claim 40% time savings, 70% reduction in manual processing costs, and 75% lower exception rates for customer AP departments.
The business operates on a transaction-fee revenue model tied to AP processing volume and payment execution, serving mid-market and enterprise customers across nonprofit, education, sports, entertainment, retail, and professional services verticals. Named customers include MLS, NHL, Cirque, Hendrick, Home Depot, Deloitte, Trane, and DirectTV. Distribution is hybrid: direct enterprise field sales (now embedded within Corpay's sales organization post-acquisition) plus channel partnerships through ERP vendors and managed-service delivery. Paymerang previously raised approximately $36 million in growth equity from Aldrich Capital Partners (Series 2 in 2018 and a 2014–2021 follow-on), Atlantic Union Bank, and BPEA, and acquired Kwiktag in April 2023 to extend document and records-management capabilities.
In 2024, Paymerang was acquired by Corpay (NYSE: CPAY) and integrated into Corpay's AP Automation division, where it now sits alongside other acquisitions such as GPS Capital Markets within Corpay's broader Commercial Cards, Cross-Border Payments, and spend-management portfolio. Under Corpay, Paymerang's vendor network and AP workflow capabilities feed the unified Corpay Complete platform, which bundles Payments Automation, Invoice Automation, and PO Automation, and provides access to Corpay's 800,000+ customer base and $800M+ annual rebate payout infrastructure. The company operates primarily in the United States and Canada.
Paymerang firmographics
Firmographics- Name
- Paymerang
- Legal name
- Paymerang
- Website
- https://paymerang.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Paymerang provides a fully-managed accounts payable automation platform covering invoice processing, payment execution, and vendor management. It now operates within Corpay's AP Automation division, serving mid-market and enterprise customers across nonprofit, education, and commercial verticals through ERP integrations.
- Ownership category
- akta.pro rank
Paymerang industry classification
Industry- Product category
- Accounts Payable Automation
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Accounts Payable Automation & Supplier Payments (FSAGAJAD)
- akta.pro secondary industries
- Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where Paymerang is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Markets served
Paymerang business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- AP Automation Subscription/Service Fees: Paymerang generates revenue through AP automation services, likely subscription or transaction-based pricing for accounts payable processing, payment execution, and vendor management services.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Paymerang product offering
Product offeringCore offering
Paymerang provides a fully-managed accounts payable (AP) automation platform for mid-market and enterprise organizations. The platform automates invoice capture, approval workflows, purchase order matching, and vendor payments via virtual card, ACH, and check, while integrating with major ERP systems to streamline end-to-end AP operations.
Product overview
Paymerang operates as part of Corpay's AP Automation solution, which is a fully-managed accounts payable automation platform. The offering is built around a unified platform (Corpay Complete) with integrated modules for Payments Automation, Invoice Automation, and PO Automation. Paymerang, acquired by Corpay, is positioned as a native integration add-on within the broader Corpay ecosystem, particularly highlighted for nonprofit organizations using Blackbaud products.
Differentiator
Problem solved
Functional benefit
Products and services
- Paymerang AP Automation Platform Fully-managed accounts payable automation platform that handles invoice processing, approval workflows, and vendor payments for mid-market and enterprise organizations.
- Payments Automation
Quantifiable outcome
- 40% reduction in time spent on invoice processing
- +3 more outcomes
Companies that use Paymerang
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Paymerang technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature3 records
Paymerang partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- CorpayflagshipCorpay acquired Paymerang as part of its strategic expansion into comprehensive AP automation solutions. The acquisition was mentioned as one of Corpay's recent acquisitions alongside GPS Capital Markets, contributing to Corpay's first $1 billion revenue quarter in Q3 2024. Paymerang operates under Corpay's AP Automation division.
- BlackbaudcorePaymerang is offered as one of five native integration add-ons for Blackbaud Financial Edge NXT accounting software. This partnership enables nonprofit organizations and educational institutions using Blackbaud to access Paymerang's AP automation capabilities for invoice processing, vendor payments, and payment reconciliation directly within the Blackbaud ecosystem.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Paymerang competitors and assessment
Company assessmentDirect peers
- Stampli: Stampli provides AP automation with AI-driven invoice processing, approval workflows, and payment execution, serving a similar mid-market customer base as Paymerang.
- MineralTree: MineralTree offers AP automation with virtual card, ACH, and check payment capabilities integrated with major ERPs—closely matching Paymerang's fully-managed AP automation model.
- Bill.com: Bill.com is a leading B2B AP/AR automation platform serving SMB and mid-market customers with virtual card payments, bill pay, and vendor management—directly overlapping with Paymerang's core offering.
- Versapay: Versapay provides AP automation and B2B payments networks with collaborative AR/AP workflows, overlapping with Paymerang's vendor payment and reconciliation capabilities.
- Tipalti: Tipalti offers end-to-end AP automation including supplier onboarding, invoice processing, global payments, and reconciliation—directly competing with Paymerang's fully-managed approach.
- AvidXchange: AvidXchange provides AP automation software specialized for mid-market businesses, with similar invoice-to-pay workflows, ERP integrations, and payment execution capabilities as Paymerang.
- Plastiq: Plastiq enables bill payment via credit card for businesses, providing an alternative payment-execution layer that competes with Paymerang's virtual card rebate model.
Broad incumbents
- Airbase: Airbase provides a spend management platform combining corporate cards, AP automation, and expense management—overlapping with Paymerang's AP and virtual card payment offering.
- Brex: Brex is a broader spend management and corporate card platform that increasingly bundles AP automation and vendor payment features, competing for the same corporate customers Paymerang targets.
- Ramp: Ramp is a corporate card and spend management platform that has expanded into bill pay, vendor management, and AP workflows—directly overlapping with Paymerang's payment execution capabilities.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Paymerang social profiles
Digital presencePaymerang financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paymerang leadership team
Management profileNumber of profiles
Paymerang funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paymerang M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paymerang
What does Paymerang do?
Paymerang provides a fully-managed accounts payable (AP) automation platform for mid-market and enterprise organizations. The platform automates invoice capture, approval workflows, purchase order matching, and vendor payments via virtual card, ACH, and check, while integrating with major ERP systems to streamline end-to-end AP operations.
Is Paymerang a public or private company?
Paymerang is a private company. It is classified as corporate owned and is currently acquired.
When was Paymerang founded?
Paymerang was founded in 2009. It employs 101 to 250 people.
Where is Paymerang based?
Paymerang is headquartered in Richmond, United States, in the North America region.
How does Paymerang make money?
One revenue line is on record: AP Automation Subscription/Service Fees.
Who are Paymerang's main competitors?
Direct peers on record are Stampli, MineralTree, Bill.com, Versapay, Tipalti, AvidXchange and Plastiq. Broad incumbents are Airbase, Brex and Ramp.
Does Paymerang have an API?
No public API is recorded for Paymerang.
What industry is Paymerang in?
Paymerang's product category is Accounts Payable Automation. Its primary akta.pro industry code is FSAGAJAD, Accounts Payable Automation & Supplier Payments, with a secondary code of BPAAAGAA, Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments). Its NAICS code is 54121 and its SIC code is 7372.