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Richmond / Fredericksburg·Startups

Paymerang

Electronic payment solutions for clients in education, healthcare, media, manufacturing. Processes billions in payments annually to 80,000+ suppliers.

Visit paymerang.com
Founded
2010
Stage
Series B
Sector
Fintech
City
Richmond (Glen Allen)
Region
RVA

About

Electronic payment solutions for clients in education, healthcare, media, manufacturing. Processes billions in payments annually to 80,000+ suppliers.

Team & affiliation

Founders: Nasser Chanda.

Timeline

  1. 2010Founded
  2. 2011Pre-seed / friends & family
  3. 2012Seed round
  4. 2013Series A
  5. 2014Series B

Region context

Paymerang is one of 5 Fintech companies we track in Richmond / Fredericksburg, based in Richmond (Glen Allen) — about 4% of the region's 140 startups. 7 of the region's companies are at the Series B stage.

Richmond and Fredericksburg form the fall-line corridor — healthcare, fintech, consumer brands, and a growing logistics base.

See the full Richmond / Fredericksburg ecosystem →
Listing IDpaymerang
CategoryStartups
Last reviewedMay 2026 by VAStartups Editorial
SourceVerified by editor