# Melio Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/melio-solutions

- Industry: Financial Services
- Headquarters: New York, US
- Website: http://www.meliopayments.com
- Total disclosed funding: $650M
- Latest round: Series E (Oct 29, 2024)
- Investors on record: 17

## About

Based in New York, US, and founded in 2018 by co-founders Ilan Atias, Matan Bar, and Ziv Paz, Melio Solutions Inc. operates as a developer of a business-to-business payments platform that provides digital payment tools for small businesses. The company is headquartered in New York and has its research and development team in Tel Aviv. In October 2024, Melio Payments Inc. raised USD 150 million in series E funding led by new investor Fiserv, Inc., with participation from returning investors Accel, Bessemer Venture Partners, General Catalyst Partners, Latitude, and Thrive Capital. Other new investors Capital One Ventures, Shopify Inc Corporate Development/Ventures, Frontline, and other unspecified investors also participated in the round. Melio offers digital accounts payable and receivables dashboard that provides a single integrated tool to transfer and receive payments allowing small businesses to control their finances and cash flow, allowing them to eliminate late payment costs. The company's platform allows small businesses to pay other companies electronically using bank transfers, debit cards or credit along with the option of cutting paper checks for recipients. The company generates revenue by charging fees of 2.9% credit card payments for businesses and accountants. The company will use the funding to establish strategic partnerships and expand operational capacity.

## Funding rounds

- Series E, Oct 29, 2024, $150M — Accel, General Catalyst Partners, Bessemer Venture Partners, Fiserv, Inc., Thrive Capital, Frontline, Capital One Ventures, Latitude, Shopify Inc Corporate Development/Ventures
- Series D, Sep 14, 2021, $250M — Accel, General Catalyst Partners, Bessemer Venture Partners, Tiger Global Management, Capital One Financial Corporation, Coatue Management, Thrive Capital, Salesforce Ventures, LocalGlobe, Corner Ventures
- Series C, Jan 5, 2021, $117M — Accel, General Catalyst Partners, Bessemer Venture Partners, Coatue Management, American Express Ventures, Aleph, Salesforce Ventures, LocalGlobe, Latitude, Corner Ventures
- Series C, Aug 1, 2020, $80M — Accel, General Catalyst Partners, Bessemer Venture Partners, Coatue Management, American Express Ventures, Aleph, LocalGlobe, Corner Ventures
- Series B, Mar 1, 2020, $48M — Accel, American Express Ventures
- Seed, Jun 1, 2018, $4.5M — Bessemer Venture Partners, Aleph

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed, Series C, Series D, Series E
- Aleph (https://capitalatlas.ai/funds/aleph) — Seed, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C, Series D, Series E
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series C, Series D, Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C, Series D
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series C, Series D
- Corner Ventures (https://capitalatlas.ai/funds/corner-ventures) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C, Series D
- Latitude (https://capitalatlas.ai/funds/latitude) — Series C, Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Capital One Financial Corporation — Series D
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series D, Series E
- Fiserv, Inc. — Series E
- Frontline (https://capitalatlas.ai/funds/frontline) — Series E
- Capital One Ventures (https://capitalatlas.ai/funds/capital-one-ventures) — Series E
- Shopify Inc Corporate Development/Ventures — Series E