Melio

Company Overview

Snapshot

Founded in January 2018 by Matan Bar, Ilan Atias, and Ziv Paz, Melio operates with over 500 employees. The company raised $654 million across 6 funding rounds from 14 investors. In June 2025, Melio was acquired by Xero Limited.

Business overview

Melio provides a smart B2B payment solution designed for small businesses. Its core technology is a digital accounts payable and receivable dashboard, offering a single integrated tool for quick and easy payment transfers and receipts. This platform provides oversight and control over cash flow, aiming to eliminate late payment costs and save time for small and medium-sized enterprises.

Strategic signal

This acquisition signifies a strategic move for Xero to expand its presence in the US market and integrate Melio's payment platform, reflecting a broader trend of consolidation and strategic partnerships within the fintech sector to enhance service offerings for small businesses.

Company Intelligence Q&A

What was the most significant recent corporate development for Melio?

In June 2025, Melio was acquired by Xero Limited. The deal included an upfront payment of $2.5 billion to shareholders, mostly in cash, and an additional $500 million in contingent payments over three years, primarily aimed at retaining Melio’s employees.

What was the strategic rationale behind Xero Limited's acquisition of Melio?

Xero Limited acquired Melio in June 2025 to gain a significant foothold in the U.S. payments market and to integrate Melio's pay platform, enhancing its accounting software offerings for small businesses.

Did Melio experience any workforce adjustments in the past year?

In March 2024, Melio laid off 7% of its workforce.

Which companies partnered with Melio to launch integrated solutions for small businesses?

In July 2022, Capital One Business and Melio launched a fully integrated accounts payable solution for small businesses. In April 2023, Shopify launched an e-commerce payments tool with Melio's assistance.