Total raised
$654.0M
Last: Series E 2024-10
Stage
Acquired
Founded
2018
Headcount
681
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Melio provides a smart B2B payment solution tailor-made for the needs of small businesses. Melio’s digital accounts payable and receivable dashboard provides a single integrated tool that allows small businesses to transfer and receive payments quickly and easily, offering oversight and control over cash flow, eliminating late payment costs, and saving time.
Funding history · 6 rounds · $654.0M total
2024-10
Series E
$150.0M
2021-01
Series D
$250.0M
2021-01
Series D
$110.0M
2020-09
Series B
$80.0M
2020-03
Series A
$16.0M
Date unknown
Series B
$48.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What was the most recent funding round for Melio and who were the lead investors?
- In October 2024, Melio completed a Series E funding round, raising $150 million. The round was led by Fiserv.
- What is the current status of Melio?
- Melio was acquired by Xero Limited in June 2025 for $2.5 billion upfront, with an additional $500 million in contingent payments over three years.
- What was the valuation of Melio during its acquisition?
- Melio's shareholders received $2.5 billion upfront in the acquisition by Xero Limited in June 2025, with an additional $500 million in contingent payments.
- Did Melio experience any layoffs in 2024?
- Yes, in March 2024, Melio laid off 7% of its workforce.
- What was Melio's valuation in February 2025?
- In February 2025, Melio's valuation had halved, despite reported growth in revenue and profitability.
- Did Melio integrate its services with Xero prior to the acquisition?
- Yes, in January 2023, Melio launched an integration to sync payments data with Xero.
- When was Melio founded and where is its headquarters located?
- Melio was founded in January 2018 and is headquartered in Tel Aviv-Yafo, Israel.
- What was the total amount of funding raised by Melio before its acquisition?
- Melio raised a total of $654 million USD before its acquisition.
- What was a significant partnership for Melio in 2022?
- In July 2022, Capital One Business and Melio launched a fully integrated accounts payable solution for small businesses.
- How many employees does Melio currently have?
- Melio has 681 employees, categorized in the '500+' bucket.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesMobileWeb
Target customers
Enterprise & Professional ServicesSMBs & SMEs
Business model
B2B
Highlights
Verified
Tags
unicorn-2021fintech