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Melio has raised $896.0M across 8 funding rounds.
Key people at Melio.
Melio has raised $896.0M in total across 8 funding rounds.
Melio provides a digital platform for accounts payable and receivable, enabling businesses to manage vendor payments and customer funds. It supports diverse methods like ACH, credit cards, and international transfers. Integrating W-9/1099 management, an AI assistant, and accounting software connections, the platform streamlines financial operations.
Melio was co-founded in 2018 by Matan Bar, Ilan Atias, and Ziv Paz. They recognized the manual complexities small and medium-sized businesses faced in financial transactions. This insight spurred the creation of a dedicated digital solution, simplifying business payments through an accessible, integrated platform.
The platform serves diverse small and mid-sized businesses across sectors, all seeking to digitize and optimize payment workflows. Melio’s vision empowers these businesses by transforming complex payment tasks into straightforward digital processes. The company continuously evolves its offerings, aiming for greater ease and precision in cash flow management.
Melio is a B2B payments platform that enables small and medium-sized businesses (SMBs) to manage accounts payable (AP) and accounts receivable (AR) through automated workflows, integrations with tools like QuickBooks and Xero, and flexible payment options including ACH, cards, and international transfers.[1][2][4][5] It serves US SMBs across industries like food and beverage, healthcare, and construction—plus accounting firms—by simplifying bill payments, reducing manual work, and improving cash flow control, saving users an average of 15+ hours monthly.[1][2][4] Founded in 2018, Melio has scaled to over 100,000 users (including 80,000 customers as of FY25), processing $100B+ in payments, with $153M revenue in FY25 and $187M annualized by March 2025; in June 2025, Xero announced its acquisition to enhance SMB accounting and payments globally.[4][7]
Melio was founded in 2018 in Tel Aviv by CEO Matan Bar (ex-PayPal Consumer P2P Payments lead), CTO Ilan Atias, and COO Ziv Paz, who identified frustrations in SMB bill payments and cash flow management.[4][6] The idea emerged from a core belief that paying and getting paid shouldn't burden businesses, inspired by Bar's PayPal experience and the need for simple digital tools amid SMB digitization trends accelerated by COVID-19.[2][6] Early days were scrappy: starting with bookkeeping for 10 US SMBs (like wine shops and hardware stores) via WhatsApp, manually handling invoices and mailing checks before iterating into a full platform.[1] Pivotal traction came quickly, with multi-billion dollar payment volumes post-2019 launch, fueled by $144M+ in funding (including a $150M Fiserv-led round) to expand in the US.[1][5][6] Ziv Paz departed in 2021; Tomer Barel joined as COO in 2022.[1] Headquartered in New York with offices in Denver and Tel Aviv, Melio grew to 600+ employees.[4]
Melio rides the digitization of SMB payments and accounting, accelerated by COVID-19 and AI-driven financial services, enabling underserved US SMBs (lacking tailored tools) to compete with larger firms amid rising cash flow pressures.[1][2][6] Timing aligns with booming fintech adoption, where SMBs demand remote, flexible payments without complexity—positioning Melio at the intersection of payments infrastructure and accounting software.[6][7] Market forces like e-commerce growth, international expansion needs, and partnerships with giants (e.g., Xero acquisition) favor it, while influencing the ecosystem by embedding payments into workflows, reducing late fees, and boosting advisor efficiency for hundreds of thousands of businesses.[2][4][7]
Post-Xero acquisition in 2025, Melio will integrate deeply into global SMB accounting stacks, accelerating US growth and international reach while leveraging Xero's scale for AI-enhanced AP/AR innovations.[3][7] Trends like AI automation, embedded finance, and real-time payments will shape its path, potentially expanding "pay by card" and FX capabilities amid economic volatility. Its influence may evolve from standalone disruptor to core infrastructure, empowering more SMBs to thrive—echoing its founding mission to keep small businesses in business through frictionless cash flow.[2][6]
Melio has raised $896.0M across 8 funding rounds. Most recently, it raised $150.0M Series E in October 2024.
Key people at Melio.
Melio has raised $896.0M in total across 8 funding rounds.
Melio's investors include Fiserv, Accel, Aleph VC, Audacious Ventures, Bessemer Venture Partners, Coatue, Company Capital, Corner Ventures, DST Global, General Catalyst, Innovation Endeavors, Intuit Ventures.
