See other companies on Welcome to the Jungle
Melio
Cash flow platform for small businesses
- 501-1000 employees
- Fintech
- B2B
- Payments
- SaaS
- Accounting
- Midtown Manhattan, New York, NY
Jump to section
Company mission
To keep small business in business.
5% employee growth in 12 months
Our take
Small businesses face considerable inflexibility in how and when they pay for goods and services. Indeed, ACH payments or checks from customers are usually their only payment rails with absolutely zero flexibility to pay over time. In response, Melio delivers a B2B payments platform that allows every business owner to manage their invoices easily and effectively, giving them the flexibility to pay in exactly the way they want.
The take-up has been tremendous, fuelled in part by the recent accelerated adoption of digital solutions. The company's biggest threat is competition from other fintechs, though while many of its contemporaries serve larger "small" businesses, Melio caters to truly tiny establishments - of which there are millions in the US and hence a huge potential market.
Over the years, Melio has focussed on expanding its capabilities. It launched a mobile app to allow users to track their payments wherever they are, as well as a tool to help small businesses pay over time. It has also raised considerable funding and boasts a ten-fold increase in revenue between 2021 and 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Equity
- Flexible PTO
- Plenty of fun team activities
- 100% health insurance coverage on selected plans (medical/dental/vision)
- 401K matching
- Weekly lunch perks
- Extensive career growth and development opportunities
Funding (last 2 of 6 rounds)
Oct 2024
$150m
SERIES E
Sep 2021
$250m
SERIES D
Total funding: $654m
This company has top investors
Leadership
Matan Bar
(Co-Founder & CEO)Former Director of Global P2P payments at Paypal. Previously Head of Product at eBay in Israel. Co-founded The Gifts Project, an online group payments platform acquired by eBay.
Ilan Atias
(Co-Founder & CTO)Previously VP of R&D of Maritime Analytics firm, Windward. Was also Director of Software Engineering at PrimeSense.