What is Melio?
Founded in 2018 and headquartered in New York, Melio Payments offers a comprehensive digital bill payment platform designed to streamline financial operations for small businesses. The service facilitates scheduling payments via bank transfers, debit cards, or credit cards, providing a crucial tool for managing cash flow and operational efficiency in a competitive market. Melio's focus on simplifying B2B payments positions it as a key player in the fintech sector, addressing a critical need for accessible and efficient financial tools for entrepreneurs and small enterprises.
How much funding has Melio raised?
Melio has raised a total of $638M across 5 funding rounds:
Series B
$48M
Series C
$80M
Other Financing Round
$110M
Series D
$250M
Other Financing Round
$150M
Series B (2020): $48M, investors not publicly disclosed
Series C (2020): $80M led by Accel, General Catalyst, LocalGlobe, Bessemer Venture Partners, Aleph, American Express, Coatue Management, and Corner Ventures
Other Financing Round (2021): $110M supported by Coatue
Series D (2021): $250M featuring Thrive Capital, Tiger Global Management, and General Catalyst
Other Financing Round (2024): $150M backed by Fiserv, Shopify, and Capital One
Key Investors in Melio
Fiserv
Fiserv is widely perceived as a global fintech leader providing payment processing, digital banking, merchant acquiring, and financial technology infrastructure. It enables banks, credit unions, and merchants to manage transactions, card issuing, point-of-sale systems, and digital commerce at large scale across global markets.
Shopify
Founded in 2006, Shopify Inc. is a Canadian multinational e-commerce company with a software platform for online stores and retail point of sale systems. Shopify platform allows brands to sell, ship, and process payments. Shopify is based in Ottawa, Ontario, Canada.
Capital One
Capital One Financial Corporation operates as a diversified financial services holding company providing comprehensive banking solutions across multiple segments. The organization manages Capital One Bank and Capital One, National Association, serving consumers, small businesses, and commercial clients through an integrated network of digital and physical banking channels.
What's next for Melio?
The substantial enterprise-level funding and major strategic investments indicate Melio's trajectory towards scaling its operations and expanding its market reach. With backing from prominent financial institutions and technology companies, Melio is poised to further innovate its payment solutions, potentially enhancing its offerings for small and medium-sized businesses. This capital infusion is expected to fuel product development, customer acquisition, and strategic partnerships, solidifying its role in the digital payments ecosystem.
See full Melio company page
