Melio
Founded Year
2018Stage
Acquired | AcquiredTotal Raised
$654MValuation
$0000Revenue
$0000About Melio
Melio operates as a company that provides a platform for bill payments. Users can pay vendors and contractors using methods such as credit card, Automated Clearing House (ACH), wire, international transfer, or check, from a single dashboard. The service includes automation features and integration with accounting software. It was founded in 2018 and is based in New York, New York. In June 2025, Melio was acquired by Xero at a valuation between $2.5B and $3B.
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Melio's Products & Differentiators
Accounts Payable
Melio offers advanced payment methods at different delivery speeds—instant payments, same-day bank transfers, and fast checks. Businesses, and their accountants, can pay vendors via ACH bank transfers or credit cards and vendors can receive a check or bank transfer. Businesses can improve their payment process and save hours each month with capabilities like approval workflows, recurring payments, and combined payments. Melio can automatically sync to accounting software and provides AI-powered bill capture so that bills, vendors, and payments are up-to-date on both their accounting software and Melio.
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Research containing Melio
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Melio in 7 CB Insights research briefs, most recently on Jul 17, 2025.
Jul 17, 2025 report
State of Fintech Q2’25 Report
Jun 6, 2025
The SMB fintech market map
Jan 14, 2025 report
State of Fintech 2024 Report
Dec 14, 2023
Cross-border payments market map
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 6 Expert Collections, including SMB Fintech.
SMB Fintech
1,648 items
Payments
3,277 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.
Fintech
9,809 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.
Silicon Valley Bank's Fintech Network
88 items
We mapped out some of SVB's biggest clients, partnerships, and sectors that it serves using CB Insights’ business relationship data from SVB’s profile to uncover just how important it is to the fintech universe. The list is not exhaustive.
Digital Banking
937 items
Melio Patents
Melio has filed 5 patents.
The 3 most popular patent topics include:
- antibiotics
- biotechnology
- lactobacillales
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/8/2023 | 12/17/2024 | Molecular biology, Yeasts, Antibiotics, Biotechnology, Lactobacillales | Grant |
Application Date | 9/8/2023 |
|---|---|
Grant Date | 12/17/2024 |
Title | |
Related Topics | Molecular biology, Yeasts, Antibiotics, Biotechnology, Lactobacillales |
Status | Grant |
Latest Melio News
Nov 3, 2025
As the lender boosts its digital capabilities, it’s turned to partnerships with fintechs Melio and Gusto for faster time to market, said Shruti Patel, chief product officer for business banking. Published Nov. 3, 2025 More entrepreneurs are looking to their banks to be a one-stop shop for services needed to run their small businesses, said U.S. Bank’s Shruti Patel. That has the Minneapolis-based lender keeping small-business owners’ needs top of mind in considering product development cycles, as the bank bolsters its digital capabilities, Patel said Oct. 27 at the Money20/20 conference in Las Vegas. Patel is the chief product officer for business banking at U.S. Bank. For certain tools, U.S. Bank has partnered with fintechs Melio and Gusto, which hastened time to market, Patel said in an interview with the Dive Newsdesk. “We were able to build very quickly on their tech stacks while customizing the solution for our segment.” The super-regional bank has also sharpened its focus on creating integrated experiences across digital banking platforms and business units at the bank, which serves 1.5 million small-business customers across the country, she said. Money20/20 is owned by Informa, Banking Dive’s parent company.
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 Acquired.
How much did Melio raise?
Melio raised a total of $654M.
Who are the investors of Melio?
Investors of Melio include Xero, Accel, Bessemer Venture Partners, Coatue, General Catalyst and 24 more.
Who are Melio's competitors?
Competitors of Melio include Tipalti, Airwallex, Conduit, Autobooks, SumUp and 7 more.
What products does Melio offer?
Melio's products include Accounts Payable and 2 more.
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Compare Melio to Competitors
Paystand is a company that operates within the financial services sector and focuses on B2B payments through a platform built on blockchain technology. The company provides accounts receivable automation, digital payment processing, and integration with ERP systems, which facilitate business transactions. Paystand serves sectors such as healthcare, manufacturing, construction, supply chain, solar energies, retail, and wholesale. It was founded in 2013 and is based in Scotts Valley, California.
Routable is a financial technology company that specializes in accounts payable automation for businesses. The company offers a platform that streamlines invoice processing, vendor payments, and compliance management, while also providing tools for customizable approval workflows, payment reconciliation, and vendor onboarding. Routable's solutions cater to various sectors, including marketplaces, gig economy, insurance, real estate, logistics, manufacturing, and nonprofit organizations. It was founded in 2017 and is based in San Francisco, California.
Billtrust provides accounts receivable automation and order-to-cash solutions within the financial services sector. The company offers services that improve the invoicing process, support multi-channel payments, and allow matching and posting for business-to-business transactions. Billtrust's solutions serve various industries, improving cash application and electronic handling of invoices and payments. It was founded in 2001 and is based in Hamilton, New Jersey.
AvidXchange provides accounts payable automation software and payment solutions for the financial services and technology sectors. The company offers services including purchase order management, invoice processing, payment automation, and spend management to facilitate the accounts payable process for middle-market businesses. It serves industries including real estate, construction, healthcare, and educational institutions. It was founded in 2000 and is based in Charlotte, North Carolina.
Tipalti provides global payables automation within the financial technology sector. The company offers a cloud platform that includes supplier onboarding, tax compliance, invoice processing, and multi-currency payments as part of the accounts payable and payment management workflow. Tipalti's solution aims to support accounts payable departments for businesses experiencing global growth. It was founded in 2010 and is based in Foster City, California.
Balance specializes in business-to-business (B2B) payments and financial technology, offering products for the business transaction lifecycle. The company's offerings include solutions for B2B payments, digital trade credit, accounts receivable management, and marketplace operating systems, aimed at supporting transactions for businesses. Balance primarily serves sectors such as distributors, platforms, and marketplaces within the B2B supply chain. It was founded in 2020 and is based in New York, New York.
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