Melio - About the company
Melio is an acquired company based in New York City (United States), founded in 2018 by Ziv Paz, Ilan Atias and Arlene Freedberg. It operates as a Provider of accounts payable and receivable solutions for businesses. Melio has raised $654M in funding from investors like Coatue, General Catalyst and Thrive Capital, with last known valuation of $2.5B. The company has 710 active competitors, including 51 funded and 40 that have exited. Its top competitors include companies like Bill, Clear and Zuora.
Sectors and market segments that Melio operate in
Melio serves in the FinTech market segments.The primary business model of Melio is:Company Details
Provider of accounts payable and receivable solutions for businesses. The platform offers tools for paying vendors, sending invoices, and managing business finances. Features include mobile access, bank transfers, and card payment options. It facilitates approval workflows, bill capture, and tax form management. The platform also provides international payment capabilities and options for paying over time.
- Website
- meliopayments.com
- Social
- Email ID
- *****@meliopayments.com
- Phone Number
- +1 **********
- Registered Address
- Cēsu nov., Dzērbenes pag., Dzērbene, "Pabērzi"
Key Metrics
Founded Year
2018
Location
New York City, United States
Stage
Acquired
Total Funding
$654M in 6 rounds
Latest Funding Round
Last Known Valuation
$2.5B as on Jun 24, 2025
Ranked
4th among 710 active competitors
Employee Count
693 as on May 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Xero (Jun 24, 2025)
Legal entities associated with Melio
Melio is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MELIO SOLUTIONS INC. CIN: 32088557940 , United States, Active | Feb 23, 2023 | - | - | - |
MELIO PAYMENTS INC. CIN: 5392986 , United States, Active | Aug 14, 2018 | - | - | - |
MELIO PAYMENTS, INC. CIN: 20221104835 , United States, Active | Jan 27, 2022 | - | - | - |
MELIO C CIN: 49503002168 , Latvia, Active | Jul 02, 1992 | €0 - €1M (As on Dec 31, 2025) | 3 (As on Dec 31, 2023) | - |
Melio's acquisition details
Click here to take a look at Melio's acquisition in detail
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Melio's funding and investors
Melio has raised a total funding of $654M over 6 rounds. Its latest funding round was a Series E round on Oct 31, 2024 for $150M. 10 investors participated in its latest round. Melio has 26 institutional investors.
Here is the list of recent funding rounds of Melio:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 31, 2024 | $150M | Series E | $2B | - | ||
Sep 13, 2021 | $250M | Series D | $4B | 127172.5x | ||
Jan 25, 2021 | $110M | Series C | $1.3B | 74248.0x |
Access funding benchmarks and valuations. Sign up today!View details of Melio's funding rounds and investors
Melio's founders and board of directors
Founder? Claim ProfileHere are the details of Melio's key team members:
- Ziv Paz: Co-Founder of Melio. They are also an angel investor in 3 startups.
- Ilan Atias: Co-Founder, CTO of Melio. They are also an angel investor in 1 startup.
- Arlene Freedberg: Former ecutive Assistant to Co-Founder and CTO of Melio.
View details of Melio's Founder profiles and Board Members
Melio's employee count trend
Melio has 693 employees as of May 26. Here is Melio's employee count trend over the years:
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Melio's Competitors and alternates
Top competitors of Melio include Bill, Clear and Zuora. Here is the list of Top 10 competitors of Melio, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Bill 2006, San Jose (United States), Public | Provider of accounts payable, accounts receivable, and spend management solutions | $326M | 81/100 | |
2nd | Technology-enabled accounting and finance solutions for SMBs | $141M | 78/100 | ||
3rd | Zuora 2007, Redwood City (United States), Acquired | Cloud-based invoice and subscription management solutions for businesses | $243M | 77/100 | |
4th | Melio 2018, New York City (United States), Acquired | Provider of accounts payable and receivable solutions for businesses | $654M | 75/100 | |
5th | Paymentus 2004, Atlanta (United States), Public | Provider of a platform for intelligent billing and payment solutions | $23.6M | 73/100 | |
6th | Lili 2018, New York City (United States), Series B | Digital bank for freelancers | $80M | 69/100 | |
7th | Routable 2016, San Francisco (United States), Series B | Provider of accounts payable automation, vendor management, and payment solutions | $47.7M | 67/100 | |
8th | Global Healthcare Exchange 2000, Louisville (United States), Acquired | Cloud-based healthcare supply chain solutions for efficiency and improved patient outcomes | - | 63/100 | |
9th | Viewpost 2011, Maitland (United States), Series C | Online payment solutions for businesses | $129M | 61/100 | |
10th |  Mimo 2023, London (United Kingdom), Seed | Cashflow and payments management platform for businesses | $28.1M | 60/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Melio's competitors? Click here to see the top ones
Melio's Investments and acquisitions
Melio has a total of 1 investment in riseup. Melio has not made any acquisitions as of now.Reports related to Melio
Here is the latest report on Melio's sector:
News related to Melio
Filter this listMedia has covered Melio for a total of 4 events in the last 1 year, 4 of them have been about company updates.
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Melio Launches Agent-Powered B2B Network for Seamless Supplier PaymentsPYMNTS.com•Jun 19, 2026•Melio
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Melio Launches Agent Mel, AI Assistant for Business Financial Decision-MakingGlobal Fintech Series•Jan 28, 2026•Melio
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Xero completes A$1.85B placement for Melio acquisition, launches share planProactive Investors•Jun 26, 2025•Xero, Melio
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Xero acquires Melio for US$2.5 billion to double group revenue by 2028The Business Times•Jun 25, 2025•Xero, Melio
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Xero set to acquire US bill pay platform Melio for US$3.9 billionThe Market Online•Jun 25, 2025•Xero, Melio
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Xero acquires Melio for $4B to expand into the US marketThe West Australian•Jun 25, 2025•Xero, Melio
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