Full-Time

Director of Business Development

Banking Partnerships

Posted on 7/28/2025

Melio

Melio

501-1,000 employees

Digital payment platform for small businesses

Compensation Overview

$210k - $230k/yr

+ Bonus

New York, NY, USA

Hybrid

Three days on-site per week required.

Category
Business & Strategy (1)
Requirements
  • 8–10+ years of experience in Partnerships, Business Development, Product Management, or Strategy
  • Background in a top-tier bank, consulting firm, or leading organization with a focus on partnerships, product, or payments
  • Proven ability to represent Melio as a payments platform across workstreams, including business development, product, design, engineering, legal, and compliance
  • Strong experience building and scaling external partnerships within financial services, with a deep understanding of scoping technical programs and products
  • Ability to navigate the banking ecosystem and influence stakeholders across various levels, including C-suite decision makers
  • Deep payments knowledge and understanding of how banks and large institutions operate
  • Track record of nurturing senior-level relationships and driving long-term value through trust and insight
  • Metrics-driven mindset with strong analytical skills to track performance and support operational improvements
  • Executive presence with the ability to influence internal and external leadership
  • Operationally focused with strong internal teaming skills—able to keep track of issues and drive cross-functional collaboration
  • Experience working across multiple business units and external partners to align strategy and execution
  • Strong financial acumen and negotiation experience across commercial and non-commercial deal structures
Responsibilities
  • Positioning Melio within the ecosystem - Maintain a deep understanding of the embedded finance and banking-as-a-service landscape. Represent Melio publicly and with partners as a leading payments platform. Identify strategic opportunities and drive high-potential pipeline growth through external positioning.
  • Building senior-level relationships - Cultivate trusted relationships with executive stakeholders across financial institutions—including product, compliance, and go-to-market teams. Align deeply with their goals and help shape joint agendas that deliver long-term impact.
  • Closing deals - Own complex, multi-threaded partnerships from origination through execution. Confidently navigate strategic and commercial discussions, address technical and business needs, and align stakeholders across the deal cycle.
  • Supporting launch - Work hand-in-hand with Melio’s product and engineering teams to support partner launches. Monitor key issues and help resolve blockers using your insight and context into partner needs and operations.
  • Teaming internally to drive growth - Drive alignment across internal stakeholders—keeping a close eye on performance metrics, tracking operational interventions, and being a fact-based collaborator. Ensure internal teams are equipped and energized to support partnership growth.
  • Operate with urgency and clarity - Move quickly without sacrificing execution quality. Prioritize ruthlessly and act as a force multiplier across functions to bring high-value partnerships to life.
  • Systematize and scale - Build scalable frameworks and processes to drive consistency and excellence in future partnerships—including playbooks, negotiation templates, and internal documentation.
Desired Qualifications
  • Bonus Points: Ability to translate complex technical concepts into business language for diverse stakeholders
  • Bonus Points: Experience in B2B2B2C or platform-style partnerships
  • Bonus Points: Comfortable taking ownership of problems—able to answer FAQs and push deals forward without waiting on others
  • Bonus Points: Skilled at building empathy and trust with internal teams while maintaining external momentum
  • Bonus Points: Strong “owner mindset” with a bias toward speed and precision

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

Simplify Jobs

Simplify's Take

What believers are saying

  • Xero acquisition triples North American revenue targeting $29B SMB market.
  • Processes $30B payments for 80,000 customers with 10x revenue growth.
  • Launched US online bill payments using Melio tech in Xero platform.

What critics are saying

  • Xero integration cannibalizes standalone Melio demand within 3-6 months.
  • Bill.com steals SMB share with superior features and 500k customers.
  • CFPB bans 2.9% credit card fees as hidden charges in 12-24 months.

What makes Melio unique

  • Melio enables credit card payments to vendors without vendor acceptance.
  • Agent Mel AI assistant provides instant payment and cash flow insights.
  • Seamless integrations with Xero, Tax1099, Capital One, and Shopify.

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Your Connections

People at Melio who can refer or advise you

Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-2%
Business Wire
Mar 23rd, 2026
Xero launches online bill payments targeting $29B US SMB market after Melio acquisition

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.

Business Wire
Jan 28th, 2026
Melio launches Agent Mel, an AI assistant to streamline business financial decisions

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.

Globes
Jun 25th, 2025
Xero Acquires Melio for $3 Billion

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.

Reuters
Jun 25th, 2025
New Zealand's Xero to buy US fintech Melio for $2.5 billion

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.

HotCopper Holdings Limited
Jun 25th, 2025
Xero Acquires Melio for $3.9B

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.

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