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Melio
Cash flow platform for small businesses
- 501-1000 employees
- Fintech
- B2B
- Enterprise
- Payments
- SaaS
- Accounting
- Midtown Manhattan, New York, NY
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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.
Recently, Melio has been focussed on expanding the capabilities of its product even further. It has 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 also partnered with Shopify to power Shopify Bill Pay, an accounts payable solution that will transform how Shopify merchants pay and manage their business bills.
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
(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
(CTO)Previously VP of R&D of Maritime Analytics firm, Windward. Was also Director of Software Engineering at PrimeSense.