Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

15 Sep, 2021

Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B
Photo by Jazmin Quaynor on Unsplash

– Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250m, tripling the company’s valuation to $4bn since January 2021.
– The Series D round, which comes as the company grew its monthly processing volumes by 5,000% over the last 18 months, was co-led by new investor Thrive Capital of New York, along with existing investor General Catalyst. U.S. investment firm Tiger Global Management also invested in the round, along with existing investors Accel, Bessemer, Coatue, Corner Ventures, and Latitude.
– The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.

B2B Financial Services FinTech North America Payments
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