Melio provides accounts payable and receivable as a service for small and medium-sized businesses, enabling them to send and receive payments, optimize cash flow, and save time via workflow automation. The platform integrates with financial institutions, e-commerce platforms, SaaS providers and marketplaces, and Melio also offers a standalone solution for accounting firms and SMBs through its website. Led by CEO Matan Bar, the company emphasizes partnerships as a growth channel and has an existing integration with Fiserv that powers CashFlow CentralSM. That Fiserv partnership combines Melio’s workflows with Fiserv’s payment capabilities, biller and merchant network and reaches more than 3,500 Fiserv financial-institution clients. Melio plans to use the newly raised capital to accelerate growth through additional partnerships. The company was valued at $2.0 billion in the reported financing. Melio offers a simple, secure B2B online payment solution tailored to small businesses and their suppliers, helping customers manage cash flow and payments. The company says its platform is free and designed to improve workflow and financial control for small businesses. Melio reported a 5,000% increase in monthly processing volumes over the prior 18 months. The firm plans to use new capital to expand via partnerships with financial institutions, software providers, and marketplaces. Melio was founded in 2018, has headquarters in New York with an R&D center in Tel Aviv, and has selected Colorado for a western U.S. headquarters while recruiting for 250 new jobs. The company has raised $506 million to date and recently saw its valuation triple to $4.0 billion since January 2021. Melio provides a pared-down B2B payments infrastructure for small and medium businesses that replaces paper invoices, checks and slow bank transfers with bank transfers, debit/credit rails and an option to cut paper checks for recipients. The platform emphasizes cash-flow management, letting buyers delay when funds leave their accounts while delivering money to vendors the same day by leveraging risk assessment, fraud management and internal balancing across the platform. The service is free for bank transfers and debit cards and charges a 2.9% fee for credit-card payments; most transactions on the platform are bank transfers. Melio was founded in Israel but has focused heavily on the U.S. market, where it reported 2,000% growth last year (it does not disclose customer counts). The company has strategic relationships with American Express (an on‑ramp option for payments) and interest from Salesforce; QuickBooks already connects with Melio. Management says every dollar of the new capital will go to R&D and sales and marketing as it pursues partner integrations and broader adoption among SMBs. Melio offers a single, integrated accounts-payable and receivable dashboard that lets small businesses pay and receive supplier payments digitally, reducing reliance on paper checks and improving cash-flow oversight. The product lets businesses pay for free via bank transfer or debit card and accept credit-card payments for a minimal 2.9% fee; suppliers can receive a paper check or bank transfer without signing up. Melio says its tools speed up payments and cut fees for customers (one freight-forwarding customer reported saving $7,500/month). The company has partnered with Intuit QuickBooks and plans to provide B2B payment capabilities to third parties. Melio emphasizes helping small businesses manage cash flow amid COVID-19 and is part of American Express’s Stand for Small initiative. The company was founded by Matan Bar, Ilan Atias and Ziv Paz and operates from New York and Tel Aviv. Melio has raised $144M in total financing to date, supporting its growth and product expansion.

Total raised

$654M

Funding rounds

4

Latest round

Series E

Latest activity

Nov 2024