Aldrich Capital Partners Invests $26 million in Paymerang

Today was a red-letter day at Paymerang! At a special event that included Virginia Governor Ralph Northam, we announced that Aldrich Capital Partners made a $26 million growth investment in our company. This investment will help us grow organically and through acquisitions in the Procure-to-Pay space.

You can view the full press release here.

Governor Northam met the Paymerang team and shared his delight at the innovative work we are doing for our clients across the country within healthcare, education, media, manufacturing, services and banking. Our partnership with Aldrich Capital will allow us to invest aggressively in operations, new product development and marketing. This partnership will result in over 100 new jobs over the next five years within the highly valued Fin-Tech sector.

Nasser Chanda, CEO of Paymerang, stated that Aldrich is the right investment partner for Paymerang. “When I met Mirza Baig, founding partner of Aldrich Capital, I knew that he would support us as a true partner, interested in our vision,” he said. We will accomplish great things together for our employees, our clients and our market.

Baig echoed our CEO’s comments and added, “This the largest investment that we have made in the state of Virginia and we believe whole-heartedly in the Paymerang team.” He also praised Governor Northam for his efforts to stimulate economic growth, invest in education and create 21st century jobs.

We look forward to sharing more details about this exciting new venture with Aldrich Capital in upcoming blog posts.

Colleen Crist

Colleen Crist

Colleen leads our national portfolio of channel partners and owns new business development and channel strategies. She is focusing on accelerating partner growth and expanding our footprint nationwide by developing new partnership initiatives. Her strategy and execution expertise spans all aspects of business development, product development, launch, marketing, sales and partner development. She leads our partnership team that drives end-to-end execution of corporate partner programs and is responsible for identifying, forging, scaling and sustaining our partnership strategy. Colleen is currently earning her Executive Master of Business Administration degree from Virginia Commonwealth University’s School of Business.

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  1. […] space to grow.In 2018, Aldrich Capital Partners became the parent company of Paymerang. They made a $26 million growth investment in thecompany to help it grow organically in the Procure-to-Pay space with new jobs, products, […]