Full-Time
Digital payment solution for small businesses
$60k - $70k/yr
Entry, Junior
New York, NY, USA
3 days in-office requirement
Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay their vendors and suppliers through various methods, including ACH bank transfers and credit cards. A standout feature is the option to defer credit card payments for up to 45 days, which aids in cash flow management. Additionally, businesses can earn rewards on their credit card expenses. Melio charges a 2.9% fee for credit card transactions, while ACH transfers are free, making it a cost-effective choice for many. The platform also enhances expense management by allowing businesses to assign roles, digitize approval workflows, and automate bill payments, all while ensuring the security of financial information. Melio's goal is to simplify the payment process for small businesses in the retail and e-commerce sectors, providing them with tools that improve cash flow and offer greater control over their expenses.
Company Size
501-1,000
Company Stage
Series E
Total Funding
$654M
Headquarters
New York City, New York
Founded
2018
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Wellness Program
Paid Vacation
Paid Sick Leave
Hybrid Work Options
Meal Benefits
Professional Development Budget
Performance Bonus
Whether your landlord accepts digital transfers or still insists on a check, Melio bridges the gap.Disclosure: Keyz Group is partners with Melio and Keyz Group may earm commissions when you sign up using the links in this article.
Melio now integrates with Tax1099 for seamless e-filing.
Melio raised $150 million in a Series E funding round led by Fiserv, with participation from Shopify Ventures and Capital One Ventures, valuing the company at $2 billion. The funds will support growth through partnerships. The round follows a ten-fold revenue increase over three years. Other investors include Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude, and Thrive Capital. Melio and Fiserv previously partnered to enhance payment solutions for small and medium businesses.
Melio, a B2B payments platform, has secured $150 million in Series E funding led by Fiserv, with participation from Shopify Ventures and Capital One Ventures.
Despite the valuation cut, the Israeli fintech is estimated to have registered a tenfold revenue increase since its last raise three years ago, now exceeding $100 million annually.