Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B
Summary
NEW YORK, Sept. 14, 2021 /PRNewswire/ -- Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250 million, tripling the companys valuation to $4 billion since January 2021. The capital raised will accelerate the companys expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers. We found ourselves in a fortunate position to support small businesses more than ever before, helping them digitize their vendor payment operations, saving them valuable time, and maximizing their cash flow," said Melio CEO and co-founder Matan Bar. In June, the company partnered with Capital One to increase access to accounts payable and receivable cash flow management tools for small business customers. Melio was founded by CEO Matan Bar, CTO Ilan Atias, and COO Ziv Paz in 2018, with headquarters in New York and an R&D center in Tel Aviv.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
