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Founded Year



Series D | Alive

Total Raised




Last Raised

$250M | 2 yrs ago

About Melio

Melio develops accounts payable solutions. The company offers services that allow businesses to pay their bills, send invoices, and receive payments online, as well as make international payments and automate their bill pay process. Its accountant dashboard enables integrations, team management, easy bill capture, and more. It primarily serves the business-to-business (B2B) payments in logistics, healthcare, construction, non-profit, and retail industries. It was founded in 2018 and is based in New York, New York.

Headquarters Location

124 East 14th Street

New York, New York, 10003,

United States



Melio's Products & Differentiators

    Melio Pay

    Pay any invoice with a bank transfer for FREE, or use your credit card to defer payment and earn rewards (2.9% fee). Vendors receive a check or a bank deposit.


Expert Collections containing Melio

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Melio is included in 7 Expert Collections, including Digital Banking.


Digital Banking

675 items

Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.


Unicorns- Billion Dollar Startups

1,228 items


SMB Fintech

1,648 items



2,780 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.



8,123 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.


Fintech 100

499 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Melio Patents

Melio has filed 3 patents.

The 3 most popular patent topics include:

  • computer memory
  • exoplanets
  • fluoroarenes
patents chart

Application Date

Grant Date


Related Topics




Fluoroarenes, Piperidines, Streptomyces, Microbiology, Exoplanets


Application Date


Grant Date



Related Topics

Fluoroarenes, Piperidines, Streptomyces, Microbiology, Exoplanets



Latest Melio News

Bill beats back Melio speculation

Nov 22, 2023

Payments software company Bill isn’t in the market for “transformational” M&A and is more likely to pursue “tuck-in technology” type purchases, President John Rettig said on Friday. Published Nov. 22, 2023 Dive Brief: Business payments software provider Bill isn’t in the market for “transformational” acquisitions, the company’s president, John Rettig, said on Friday, pouring more cold water on a prior news report the company is acquiring business-to-business payments company Melio. Bloomberg reported Nov. 8 that San Jose, California-based Bill was in “advance talks” to purchase Melio for $1.95 billion. In a rare move, Bill issued a press release Nov. 9 to refute what it deemed a “rumor” and said the company “is not pursuing any such acquisition at this time.” “We are very aware of our current situation and the stock price,” Rettig told Autonomous Research Analyst Ken Suchoski during a Friday webcast of a virtual investor conference. “We would not do a $2 billion or whatever deal at our current valuation,” said Rettig, who is also the company’s chief financial officer. “That’s not how we think about capital allocation.” Dive Insight: In response to questions during the webcast, Rettig pointed to Bill’s Nov. 9 news release and declined to comment further on the transaction rumor. Generally, the company is focused on scaling the business and improving margins while also assessing merger and acquisition opportunities, Rettig said. “Present circumstances, we’d be focused more on tuck-in technology type things that help us bring products to market faster,” he said, adding that the company would focus on “minimizing dilution” with a potential acquisition. Bill’s stock price has dropped about 45% over the past year; at close of business Tuesday, its shares were priced at $62.85. John Rettig For the company’s fiscal first quarter ended Sept. 30, revenue jumped 33% over the year-earlier period to $305 million, according to a quarterly earnings release . For the same quarter, Bill’s loss narrowed to $27.9 million. “Our balance sheet is obviously built in order to do acquisitions, but even on a cash basis, we want to see quick payback and strong (return on investment), and ultimately drive accretive results sooner than later,” Rettig said. He noted Bill’s history of M&A, pointing to its 2021 purchase of Divvy for about $2.5 billion , but said “those aren’t the kinds of transactions that we’d be interested in doing in this environment.” “We’re not preoccupied with M&A,” Rettig said. As of the end of its fiscal first quarter, Bill counted 471,200 businesses as customers, according to the earnings release. Rettig noted the average payment volume per Bill customer is more than $1.5 million per year. Where Bill serves larger small business customers, Melio serves the middle market in the small business payments space, Suchoski noted during the webcast. The analyst asked whether such an acquisition would represent a change in strategy for Bill. Rettig again stressed that there’s no deal in the works, but removing that element, he said the company is considering how it will reach more small businesses as it aspires to serve millions of business customers. Currently, Bill brings larger SMBs directly onto its platform and partners with accounting firms and banks to reach smaller businesses, and “we think that ultimately will be the methodology that we use to reach the smaller end of the SMB market,” he said. Recommended Reading

Melio Frequently Asked Questions (FAQ)

  • When was Melio founded?

    Melio was founded in 2018.

  • Where is Melio's headquarters?

    Melio's headquarters is located at 124 East 14th Street, New York.

  • What is Melio's latest funding round?

    Melio's latest funding round is Series D.

  • How much did Melio raise?

    Melio raised a total of $504M.

  • Who are the investors of Melio?

    Investors of Melio include Accel, Bessemer Venture Partners, Corner Ventures, General Catalyst, Coatue and 14 more.

  • Who are Melio's competitors?

    Competitors of Melio include Candex, Crezco, Denario, Plastiq, Plooto and 7 more.

  • What products does Melio offer?

    Melio's products include Melio Pay and 2 more.

  • Who are Melio's customers?

    Customers of Melio include Joe Hill, Pecorino Cheese Shop and Theresa Pittman.


Compare Melio to Competitors

Stripe Logo

Stripe develops a financial infrastructure platform. The company offers a suite of services including online payment processing, revenue and finance automation, and banking-as-a-service. Its services allow businesses to accept payments online or in person, automate their revenue and finance operations, and embed financial services into their platforms or products. It primarily serves the e-commerce, software as a service (SaaS), marketplace, and finance automation sectors. It was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.

Tipalti Logo

Tipalti provides a cloud-based technology platform aimed at mid-market companies, which have traditionally been underserved by banks, to streamline all phases of the global accounts payable workflow. The solution streamlines and optimizes businesses' end-to-end global payables workflow while giving companies access to cross-border payments, currency conversion, and payments across a wide range of methods. The company was founded in 2010 and is based in San Mateo, California.


SparcPay focuses on accounts payable automation in the financial technology sector. The company offers a digital platform using artificial intelligence (AI) technology to capture, review, and approve bills, and facilitates digital payments, thereby transforming the traditional approach to processing, approving, and paying invoices. It serves sectors such as corporate, non-profit, accounting, property management, and hospitality. The company was founded in 2019 and is based in Toronto, Canada.

Billtrust Logo

Billtrust (NASDAQ: BTRS) provides automated order-to-cash solutions. It offers cash application solutions, e-commerce, invoicing, payments, and more. The company serves transportation, machinery, distribution, manufacturing, medical equipment, technology, legal, and staffing industries. The company was founded in 2001 and is based in Lawrenceville, New Jersey.

Remitr Logo

Remitr offers a platform for wire transfers, cheque payments, and bank visits. Its Remitr Global Network allows businesses to make payments across Canada and in other countries worldwide. The platform also offers global business accounts for currencies including the US Dollar, Pound, and Euro removing banking fees from the receipt of international payments. The company was founded in 2016 and is based in Toronto, Canada.

Paystand Logo

Paystand creates an open financial system, starting with business-to-business(B2B) payments. It uses blockchain and cloud technology, to make it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. The company was founded in 2014 and is based in Scotts Valley, California.


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