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- Melio Raises $150M to Expand Accounts Payable Platform
Melio Raises $150M to Expand Accounts Payable Platform
Slice of Finance Team
06 Nov
Key Highlights:
Melio secures $150M in Series E funding, led by Fiserv Inc.
Additional investors: Shopify Ventures and Capital One Ventures.
Funding to support expansion and partnerships for SMB cash flow solutions.
Melio platform integrates cash flow management for SMBs.
New $2 billion valuation after 10x revenue growth over three years.
Source: Business Wire
Notable Quotes:
“We are excited to leverage our unique position at the intersection of financial institutions and businesses to deliver a comprehensive, integrated experience that enables our clients to compete and grow their portfolios with this important segment of their communities.”
“We’re proud to witness our embedded solution helping our partners better service their business clients, leading to increased deposits, higher engagement and creating new revenue streams.”
Our Take:
Melio’s additional $150 million in strategic funding underscores its strong market position and appeal as a critical solution provider for small and medium-sized businesses (SMBs). With Fiserv’s leadership and the involvement of top-tier investors like Shopify Ventures and Capital One Ventures, Melio aims to expand its already extensive reach by enhancing partnerships and integrating even deeper into the financial ecosystems that SMBs depend on. The substantial Series E funding, paired with a remarkable ten-fold revenue increase, highlights Melio's momentum in delivering essential cash flow solutions and its ability to adapt to the evolving needs of SMBs and their financial partners. This latest investment solidifies Melio’s role as a key player in SMB financial technology, promising continued innovation and support for growth-focused businesses.