Melio raised $150M in a Series E funding round at a $2B valuation, after a significant increase in revenue.
Melio raised $150M in a Series E funding round at a $2B valuation, after a significant increase in revenue.
10/29/24, 6:28 PM
Location
new yorkMoney raised
$150 million
Industry
financial services
Round Type
series e
Fintech company Melio announced on Tuesday that it has secured $150 million in a Series E funding round at a $2 billion valuation. This funding round follows a significant 10-fold increase in revenue since the previous round in August 2021.
Company Info
Location
new york, new york, united states
Additional Info
Melio is a leading B2B payments technology company that enables small and medium-sized businesses to quickly and seamlessly transfer and receive payments, helping them improve cash flow and workflow. Melio offers accounts payable and receivable as a service through integrations with the platforms of financial institutions, software providers, and marketplaces, transforming how money is transferred between businesses. Melio has headquarters in New York and an R&D center in Tel Aviv. For more information, visit meliopayments.com.