What is Melio?
Founded in 2018 and headquartered in New York, Melio Payments provides a comprehensive digital bill payment solution tailored for small businesses. The platform streamlines the accounts payable and receivable process, allowing users to schedule payments via bank transfers, debit cards, or credit cards. By integrating seamlessly into existing financial workflows, Melio addresses the friction often associated with traditional B2B transactions, positioning itself as an essential tool for operational efficiency in the digital age.
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 LocalGlobe, Coatue Management, General Catalyst, Accel, American Express, Corner Ventures, Bessemer Venture Partners, and Aleph
Other Financing Round (2021): $110M supported by Coatue
Series D (2021): $250M featuring Tiger Global Management, Thrive Capital, and General Catalyst
Other Financing Round (2024): $150M backed by Shopify, Fiserv, and Capital One
Key Investors in Melio
General Catalyst
General Catalyst is a venture capital firm that partners with founders to build enduring enterprises, providing strategic capital and operational support at critical inflection points.
Coatue Management
Coatue Management is an employee-owned hedge fund sponsor that invests across public and private equity markets, focusing on high-growth technology and financial services sectors.
Shopify
Shopify is a global commerce technology leader providing the essential infrastructure for businesses to manage retail operations and scale their digital presence.
What's next for Melio?
With the recent infusion of capital, Melio is well-positioned to deepen its integration with major commerce ecosystems and financial institutions. The strategic focus will likely center on enhancing its payment processing capabilities and expanding its suite of financial management tools to better serve a broader range of enterprise clients. By leveraging its strong network of backers, the company is poised to maintain its momentum, focusing on long-term value creation and the continued digitization of the B2B payment sector.
See full Melio company page
