Financial automation firm Paymerang acquires KwikTag and Sypht

April 13 2023

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AP automation and invoice management vendor KwikTag and AI data platform Sypht have been acquired by finance automation firm Paymerang.

Paymerang acquired the assets of KwikTag and the shares of Sypht from enChoice, according to a statement.

enChoice acquired Sypht in 2022 and made the firm part of their KwikTag division. KwikTag joined enChoice in 2018 as part of the merger of their parent company at the time, document management software firm ImageTag, with enChoice.

This is the second acquisition completed by Paymerang since receiving an investment from Aldrich Capital in 2018, according to the company.

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