Led · Series E · Nov 2024

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.

Led · Seed · Jun 2024

Forward is an Austin-based technology partner that helps SaaS firms embed and monetize payment processing through its PayFac-as-a-Service platform. The company delivers program design expertise, technical integration that can be completed in under a week, ongoing merchant sales support, and a pathway for partners to migrate to fully registered payment-facilitator status. Forward differentiates itself by layering artificial intelligence onto risk and underwriting functions to streamline the client and merchant experience. Its platform is also being leveraged by financial-technology leader Fiserv to extend managed PayFac services to independent software vendors. The fresh capital will allow Forward to scale with growing software-partner demand and further develop its AI-driven risk tools. Although no revenue or user metrics were disclosed, the company positions itself as an end-to-end payments enablement solution for SaaS providers.

Participated · Series A · Mar 2024

Goalsetter provides a goal-based savings and smart-spending platform for families that combines educational media and tools to build wealth. Its financial wellness content is mapped to JumpStart.org and Council for Economic Education national standards and uses pop culture, memes, GIFs and game-based tools to engage young consumers. Features include “Learn to Earn,” which rewards kids for correct quiz answers, and “Learn Before You Burn,” which lets parents automatically freeze teens' and tweens' debit cards if they miss weekly quizzes. The company offers its app as a white-labeled youth-banking solution through partnerships with banks and credit unions including Fiserv, Trustage, CUNA Strategic Services, MSU Federal Credit Union, InTouch CU, Solutions Bank and Liberty Bank. Goalsetter recently raised $9.6M in a Series A extension and plans to use the funds to continue signing new B2B alliances and to implement existing programs ahead of a Series B raise. The company is led by founder and CEO Tanya Van Court. Goalsetter operates a financial-education app for children that combines allowance and gift management, a Goalsetter debit card, age‑tailored financial‑literacy quizzes to 'unlock' funds, and a newly introduced Goalsetter Invest feature for buying and selling stocks. The product is gamified to engage kids while teaching savings, spending, and investing behaviors. Founder Tanya Van Court built the company drawing on personal financial lessons and prior experience at Nickelodeon, Discovery Education and ESPN. Goalsetter initially grew via B2C channels focused on parents and word of mouth. Following its Series A, the company is shifting into B2B, offering white‑labeled versions of its platform to banks and financial institutions through a partnership with Fiserv. It is also pursuing partnerships with large employers to offer the platform as an employee benefit. Goalsetter provides an app and debit card that teach children financial literacy through quizzes, allowance management, goal cards and parental controls. The platform lets parents pay kids for correct quiz answers, enable family and friends to give goal cards instead of gift cards, and control or lock the kid debit card. Founder Tanya Van Court, who previously worked at Nickelodeon and ESPN, launched Goalsetter in 2019 out of the Entrepreneurs Roundtable Accelerator. The company reports families save an average of $120 per month on the platform and said two families saved over $10,000 in the last year. Goalsetter is also launching a campaign for Black History Month aimed at closing the wealth gap among Black children and kids of color through financial education. To date the company has raised a total of $6.0M. Goalsetter provides parents and children a goal-driven savings platform with two main branches: a kids’ savings account (allowance, auto-save, debit card round-ups and GoalCards) and a financial-literacy learning center. Children set goals (college, bikes, gaming consoles), earn allowance through the app, and receive GoalCards from relatives to fund those goals. The company’s quiz game “It’s LIT” is mapped to K–12 financial literacy standards and uses pop-culture content to engage kids; Goalsetter plans to launch that curriculum to school districts with lesson plans and quizzes. Goalsetter monetizes by charging $1 per GoalCard sent, donates 5% of the transaction fee to children’s charities, and offers a voluntary donation function. The app skews younger than competitors and has been featured on Shark Tank; the founder declined an offer from Mr. Wonderful. Goalsetter has more than 20,000 users and graduated from the Entrepreneurs’ Roundtable Accelerator in 2017. The company has raised a total of $2.1 million to date.

Participated · Series C · Dec 2022

Founded in 2015 and headquartered in Arlington, VA, MarginEdge provides an AI-driven platform that connects restaurants’ accounting and point-of-sale systems and automates invoice data capture and reporting. The company processes about 300,000 invoices per week across roughly 12,000 restaurants, including customers such as Cava and Maman. MarginEdge employs a human-in-the-loop model to ensure data accuracy, supporting a workforce of roughly 900 people (about 300 in the U.S. and 600 overseas). It sells both software and hardware, including scales that upload inventory weights to the platform, and has integrated with chatbot tools like Claude and ChatGPT. Upcoming product releases include “Smart Prep,” which uses historical sales data to guide food prep and reduce waste. The company has raised approximately $162 million in total funding to date.

Participated · Series D · Oct 2022

한국신용데이터 provides payment rails and POS solutions targeted at small-business owners and has built capabilities considered essential for its merchant customers. Over the past two years the company steadily raised more than ₩2,000억 and completed a Series D totaling ₩2,400억. Management says it invested aggressively in payment infrastructure, POS solutions, and talent acquisition, expanding headcount by more than 2x. Those moves supported rapid commercial growth: the company reports growing revenue more than 20-fold. The firm emphasizes continued customer focus and cautious execution, noting plans to keep helping merchant customers through the coming second half. The company framed its fundraising and operational choices as deliberate investments made while other firms pulled back. Korea Credit Data offers a bookkeeping super app for small and mid-sized enterprises called Cash Note (launched 2017) that aggregates cash flow, credit card sales, expenditure, sales ledgers and policy information. The company has added SME-focused lending services that connect merchants to working capital loan programs. KCD claims more than 1.7 million registered merchants and has grown its app into a widely used platform among small business owners. The startup has made strategic acquisitions including ImU (POS) and Persona (government subsidy alerts), and it has announced the acquisition of Fiserv Korea as part of a partnership. KCD plans to use the new capital to expand its 230-person team and pursue additional acquisitions. Financially, the company has raised about $112 million since its 2016 founding and its Series D has reached roughly $70 million after the latest extension, valuing the business at about $776 million. Korea Credit Data Co., Ltd. announced a KRW 40,000,000,000 funding round that closed on April 20, 2021. The transaction included participation from Pavilion Capital Pte. Ltd., KB Financial Group, GS Holdings, Kakao Ventures, and KT Investment. Pavilion Capital invested $20,000,000 (KRW 22,345,400,000) as part of the round. The company has raised KRW 60,000,000,000 in total to date. Post-closing, the enterprise value of the company exceeded KRW 400,000,000,000.