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
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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
Employee Count
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Acquired by
Xero
(Jun 24, 2025)
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $150.0M
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First Round
First Round
(01 Mar 2020)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series E - Melio Payments | Valuation | Fiserv | |
| Sep, 2021 | Amount | Series D - Melio Payments | Valuation | Thrive Capital | |
| Jan, 2021 | Amount | Series C - Melio Payments | Valuation | Coatue |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech startups are invested in by Capital One Ventures firm.
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Melio Payments
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Melio Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Melio Payments Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers.
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| domain | founded_year | HQ Location |
Cloud-based cash flow management is provided for payers and vendors.
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| domain | founded_year | HQ Location |
Electronic invoicing and invoice management services are provided to businesses.
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| domain | founded_year | HQ Location |
Online invoicing and payment software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Melio Payments
Frequently Asked Questions about Melio Payments
When was Melio Payments founded?
Melio Payments was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Melio Payments located?
Melio Payments is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Melio Payments?
Matan Bar is the current CEO of Melio Payments. They have also founded this company.
Is Melio Payments a funded company?
Melio Payments is a funded company, having raised a total of $638M across 5 funding rounds to date. The company's 1st funding round was a Series C of $110M, raised on Mar 01, 2020.
What is the annual revenue of Melio Payments?
Annual revenue of Melio Payments is $207.86K as on Dec 31, 2023.
What does Melio Payments do?
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.
Who are the top competitors of Melio Payments?
Who are Melio Payments's investors?
Melio Payments has 20 investors. Key investors include American Express, Xero, Fiserv, Bessemer Venture Partners, and Accel.
What is Melio Payments's valuation?
The valuation of Melio Payments is $4B as of Sep 2021.