Backed by a new, $26 million investment, Chesterfield County-based financial services technology company Paymerang is planning an expansion that the company expects will create 100 jobs over the next five years.
Paymerang operates within a fast-growing market often referred to as FinTech — short for financial technology. The company offers a technology platform that enables its clients, which include health care providers, educational institutions, manufacturers and other businesses, to pay all their vendors electronically.
Paymerang said it processes more than $1.5 billion in payments per year to more than 60,000 suppliers for over 80 clients nationally, including more than 30 in Virginia.
