Melio
“Can Melio remain the default SMB AP/AR rails as QuickBooks, BILL, and spend-management platforms aggressively compete for the same workflow?”
Founded2018
HQNew York, NY (with Israel office)
FoundersMatan Bar, Ilan Atias, Ziv Paz
Total raised$256M+ (as of 2021)
Latest roundSeries C2, 2021
Valuation$1.3B (Jan 2021)
IndustryFintech / SMB B2B Payments (AP/AR)
The story
Founded 2018 as a digital AP tool for small businesses to pay vendors by ACH, check, or credit card — including card-funded payments to vendors who only accept ACH/check. Has expanded into AR (Get Paid), international payments (via Wise US), 1099 e-filing (Tax1099), and accountant-firm tooling. The strategic question is whether Melio can win SMB AP/AR before BILL, QuickBooks Bill Pay, and Ramp/Brex displace it.
Last 12 months
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Product timeline
2018
Founded in NYC/Israel as a B2B AP/AR platform for SMBs· founding
2020
Series C of $80M led by Coatue/General Catalyst amid COVID-driven digital AP adoption· funding
2021
Series C2 of $110M at $1.3B valuation· funding
2024
Launched AR (Get Paid), international payments, and AI Assistant· product
2025
Tax1099 e-filing integration; expanded mid-market features (Platinum)· product
Regulated entities
Money Transmitter Licenses (NMLS)
US (multi-state)
Melio Solutions Inc.
In the press
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The stack
Payments / PSP
Melio (self-operated AP/AR platform)TabaPay (card processing)J.P. Morgan (single-use virtual card issuer)
Card issuing
Lending
Open banking
FX & payouts
Accounting
Accounting gap: minor