Melio is a fintech company that enables businesses to move away from cumbersome paper processes and into a digital-first environment. It saves time, money, and resources while providing enhanced financial visibility and control. With Melio, businesses can manage accounts payable and receivable with minimal hassle, enabling them to focus on core operations rather than administrative paperwork.
Melio has raised $150 million in a Series E funding round at a valuation of $2 billion. This Series E round was led by digital banking services giant Fiserv, with participation from Shopify, Capital One, Frontline Ventures, and existing investors Accel, Bessemer, Coatue, General Catalyst, Latitude, and Thrive Capital. The fresh funding will support the company’s growth through strategic partnerships and further develop its accounts payable and receivable platform, tailored for small and medium-sized businesses.
Melio, New York, New York, United States, was founded in 2018 by Ilan Atias, Matan Bar, and Ziv Paz. In 2021, the company joined the unicorn club. With its recent funding and strategic partnerships, Melio is well-positioned to introduce additional features and expand its global presence.
Melio Raises $150 Million at a $2 Billion Valuation