Melio Raises $150 Million To Expand B2B Payments Partnerships
Shopify Ventures And Capital One Ventures Also Participate
The Series E round, which valued Melio at
Accel, Bessemer, Coatue,
Melio’s platform integrates cash flow management, accounts receivable and accounts payable solutions to help small and medium-sized businesses - and their accountants - maximize cash flow and save significant time managing their payment operations.
“We’re proud to witness our embedded solution helping our partners better service their business clients, leading to increased deposits, higher engagement and creating new revenue streams,” said Melio CEO and co-founder Matan Bar.
“Through our partnership with Melio, CashFlow Central is designed to create significant value for financial institutions and their business clients or members,” said
About Melio:
Melio is a leading accounts payable and receivable platform that enables small and medium-sized businesses to quickly and seamlessly send and receive payments, helping them optimize cash flow and save time with their workflow. Melio offers accounts payable and receivable as a service through integrations with financial institutions, e-commerce platforms, SaaS providers and marketplaces, transforming how money is transferred between businesses. Melio also provides a standalone solution for accounting firms and small to medium-sized businesses (SMBs) through its website, melio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031916261/en/
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Source: Melio