Full-Time
Confirmed live in the last 24 hours
Digital payment solution for small businesses
$140k - $155kAnnually
Senior
New York, NY, USA
3 days in-office requirement.
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Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay vendors and suppliers using various methods, including ACH bank transfers and credit cards. A notable feature is the option to defer credit card payments for up to 45 days, which assists in cash flow management. Users can also earn rewards on credit card expenses. Melio charges a 2.9% fee for credit card transactions, while ACH transfers are free, making it a cost-effective choice. The platform 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 greater control over their finances.
Company Size
501-1,000
Company Stage
Series E
Total Funding
$636.2M
Headquarters
New York City, New York
Founded
2018
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401(k) Company Match
Wellness Program
Paid Vacation
Paid Sick Leave
Hybrid Work Options
Meal Benefits
Professional Development Budget
Performance Bonus
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.
Online marketplaces are all about innovation. And in the B2B procurement space, that innovation is increasingly starting and ending with better and more seamless payments. After all, there’s an old saying about business-to-business payments: as long as it works, people don’t want to see any changes, and as a result, B2B payments have long been plagued by inefficiencies, especially when compared to the growing embrace of digital payments elsewhere. Traditional B2B methods, such as wire transfers, checks and manual invoicing, dominate the landscape but are cumbersome, slow and prone to human error. But as online B2B platforms grow more sophisticated and globalized, the necessity for modern payment systems that prioritize speed, security, flexibility and even integration with both buyer and supplier back-end infrastructure is clearer than ever
Melio launches advanced accounts payable for midsize businesses.