“Can AP automation layered on top of existing accounting software become the dominant B2B payment rail for mid-market organizations in education, healthcare, and hospitality?”
Founded in 2010 as a B2B electronic payments and money transfer company, Paymerang evolved into a full accounts payable automation platform targeting mid-market organizations in education, healthcare, hospitality, and manufacturing. The company differentiates by enabling clients to keep their existing accounting software while adding payment automation on top. The acquisition by Corpay in 2024 positioned Paymerang as the invoice and payment automation layer within Corpay's broader spend management ecosystem (Corpay Complete).
Paymerang discloses The Bancorp Bank as its banking provider, according to the Embedded Finance Index 2026.
Paymerang does not disclose a bank charter of its own; its banking services are provided through The Bancorp Bank.
Paymerang moves money over ACH.
Paymerang integrates with Sage Intacct and e-automate (ECI).
The Embedded Finance Index 2026 maps 4 layers in Paymerang's stack: Money movement (ACH); Banking / BaaS (The Bancorp Bank); Sponsor bank (The Bancorp Bank); Accounting (Sage Intacct and e-automate (ECI)).
Paymerang is founded in 2010 and headquartered in Chesterfield, Virginia, United States.
Paymerang has raised $36M in total (latest round: Acquired by Corpay).
Get a read on where your own stack stands against Paymerang and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.