About Melio Payments
Melio Payments is a company based in New York (United States) founded in 2018 by Ilan Atias, Matan Bar, and Ziv Paz was acquired by Xero in June 2025. Melio Payments has raised $638 million across 5 funding rounds from investors including American Express, Xero and Fiserv. Melio Payments operates in a competitive market with competitors including Qonto, Melio, Lili, Settle and Baiwang, among others.
- Headquarter New York, United States
- Founders Ilan Atias, Matan Bar, Ziv Paz
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
$207.86 K (USD)462as on Dec 31, 2023
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Net Profit
$22.19 K (USD)34as on Dec 31, 2023
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EBITDA
Not available
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Total Equity Funding
$638 M (USD)
in 5 rounds
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Latest Funding Round
$150 M (USD), Series E
Oct 31, 2024
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Investors
American Express
& 19 more
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Employee Count
Not available
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Acquired by
Xero
(Jun 24, 2025)
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People of Melio Payments
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Software Development Team
23 people
Data Analysis and Operations Team
21 people
Operations Team
21 people
Legal and Compliance
13 people
Leadership Team
10 people
Senior Team
10 people
Human Resources and Administration
7 people
Product Management Team
7 people
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Funding Insights of Melio Payments
Melio Payments has successfully raised a total of $638M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $150 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Melio Payments
Melio Payments has secured backing from 20 investors, including institutional and venture fund investors. Prominent investors backing the company include American Express, Xero and Fiserv.
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Tech startups are invested in by Capital One Ventures firm.
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Accel is recognized as a leading venture capital firm.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Investor details for Melio Payments
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Investments & Acquisitions by Melio Payments
Investment portfolio details for Melio Payments
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- Transaction dates
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Financial Statements - Melio Payments
Detailed financials for Melio Payments
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Melio Payments Comparisons
Peer comparison for Melio Payments
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- Headcount comparison
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Competitors of Melio Payments
Melio Payments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qonto, Melio, Lili, Settle and Baiwang, among others.
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Subscription-based online banking is offered to SMEs and freelancers.
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Blood-based pathogen detection devices are manufactured for healthcare applications.
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Digital banking services are offered to freelancers.
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Cloud-based cash flow management is provided for payers and vendors.
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Electronic invoicing and invoice management services are provided to businesses.
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Online invoicing and payment software is provided for businesses.
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Detailed competitors of Melio Payments
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Melio Payments
Complete news archive for Melio Payments
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Frequently Asked Questions about Melio Payments
Melio Payments was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Melio Payments is headquartered in New York, United States. It is registered at New York, New York, United States.
Matan Bar is the current CEO of Melio Payments. They have also founded this company.
Melio Payments is a funded company, having raised a total of $638M across 5 funding rounds to date.
Annual revenue of Melio Payments is $207.86K as on Dec 31, 2023.
Accounts payable solutions were established in 2018 in New York, United States, within the fintech sector. Invoice payments are processed via bank transfers, credit cards, or debit cards. Vendor details are entered manually, payment methods such as cards or bank accounts are linked, and funds are transferred accordingly. Reminders are configured to prevent late payments, supporting operational efficiency for businesses.
Melio Payments has 20 investors. Key investors include American Express, Xero, Fiserv, Bessemer Venture Partners, and Accel.
The valuation of Melio Payments is $4B as of Sep 2021.