Full-Time
Posted on 5/12/2026
Digital payment platform for small businesses
$135k - $160k/yr
New York, NY, USA
Hybrid
Hybrid in NYC with 3 days per week in-office.
Melio Payments provides a digital platform that helps small businesses manage their payments to vendors. It lets users pay bills and receive payments through methods like ACH transfers or credit cards. Card payments can be deferred up to 45 days and earn card rewards, while ACH is free. The service also automates bill payments, enforces approval workflows, and assigns team roles to improve expense control and transparency, with strong security for private data. Compared with competitors, Melio emphasizes flexibility (paying vendors that don’t accept card payments), cash-flow management through card deferment, and built-in governance features for teams. The goal is to simplify and speed up small-business payments, improve cash flow, and provide secure, visible control over expenses.
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$3.2B
Headquarters
New York City, New York
Founded
2018
Help us improve and share your feedback! Did you find this helpful?
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
Xero has launched online bill payments in the US, integrating technology from its recent acquisition of Melio into its accounting platform. The company is now the only major US small business accounting platform enabling users to pay bills by credit card on-platform. The integration targets a $29 billion US small and medium-sized business payments market. Melio co-founder Matan Bar has been appointed CEO of Xero US, overseeing both businesses. The new feature allows businesses to pay vendors via bank transfer, debit or credit card, with Xero's AI platform JAX automatically reconciling transactions. Over 70% of US small businesses consider tight integration between accounting and accounts payable software highly important. Xero reported strong momentum, with first-half fiscal year 2026 revenue increasing 20% year-on-year to NZD $1.2 billion.
Melio, a leading accounts payable and receivable platform, has launched Agent Mel, an AI-powered assistant designed to streamline financial decision-making for accountants, bookkeepers and small businesses. The conversational agent provides instant responses to payment, product and vendor queries through a chat-based interface. Agent Mel requires no setup and is fully embedded in Melio's workflow. Users can ask questions about bill statuses, vendor setup, cash flow management and payment patterns. The assistant helps identify overdue payments and displays vendor history, eliminating manual searching. The launch aligns with growing AI adoption in B2B sectors, with enterprise applications predicted to integrate task-specific AI agents by end of 2026. Melio, a Xero company founded in 2018, serves nearly 100,000 US businesses and maintains partnerships with financial institutions including Capital One and Shopify.
Xero Limited, a New Zealand cloud-based accounting software company, is acquiring Israeli fintech company Melio for $3 billion. The deal includes an immediate payment of $2.5 billion in cash and shares, plus $500 million in milestone payments and continued employment of current staff. Melio, founded by Bar, Ziv Paz, and Ilan Atias, has raised $700 million, with major investors like Fiserv and Tiger Global Management.
New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday, accelerating the Kiwi firm's push into the U.S. with the country's biggest outbound deal in over a decade.
Xero Ltd (ASX:XRO) is set to acquire U.S. bill pay platform Melio for up to $3.9 billion in cash and scrip. This acquisition aligns with Xero's 3×3 strategy and aims to enhance its U.S. growth ambitions. The deal is expected to triple Xero's North American revenue and average revenue per user. Melio, with 80,000 customers and $30 billion in payments last year, generated $153 million in revenue through March 31. Xero will use a $400 million credit facility and $860 million in share plans to fund the purchase.