Layoff
Aug 2022Melio cut 60 employees, mainly from Sales and Customer Success, citing a shift in product priorities.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Melio is a New York-based, Xero-owned B2B payments platform for SMBs, accountants, and accounting firms. It helps businesses pay and get paid through AP/AR workflows, with payment methods including ACH, cards, checks, wires, international payments, automation, and accounting syncs.
Primary product
Accounts payable and accounts receivable payment platform for small and mid-sized businesses
Founded
2018
Headquarters
18 W 18th St, Floor 8, New York, NY 10011, USA
Team size
501-1000
Work style
Hybrid
Industry
Financial Services
Sub-industry
B2B payments / accounts payable and receivable software
Offices
New York, NY, USA
Tel Aviv, Israel
Denver, CO, USA (historical / later reported closed)
Business model
SaaS subscriptions
Funding
People & investors
Work & culture
Public job postings describe a collaborative, hybrid culture in New York City or Denver, with dog-friendly offices, strong DEI emphasis, and a focus on workshops, mentorship, wellness, and growth. The company’s public messaging emphasizes helping small businesses, reducing manual work, and building intuitive payment experiences.
Work style
Hybrid
Compensation
Public job postings show competitive compensation with posted annual base salary ranges (for example, roughly $95k-$105k for some sales roles, $145k-$165k for product, and $170k-$200k for senior engineering), plus bonuses for some roles and benefits such as medical, 401(k), and wellness perks.
Benefits
Medical, dental, and vision coverage
Up to 100% employer-paid coverage on some plans
401(k) matching
FSA and HSA
Product & market
Pricing
Freemium plus tiered subscriptions (Go, Core, Boost, Unlimited, Platinum) with transaction fees for cards, instant transfers, international payments, and other premium/payment-speed features.
Differentiators
- —Pay vendors by card even when vendors do not accept cards
- —AP and AR in one platform
- —Accounting software sync with QuickBooks, Xero, and NetSuite
- —Embedded syndication model for partners such as Fiserv, Capital One, Shopify, and Gusto
- —AI bill capture and automation
- —International payments and pay-over-time options
- —Built for SMBs and accounting firms
Technology
AWS
Cloudflare
Scale & contact
Estimated revenue
$150M-$200M
Estimated monthly visits
470K
Traffic estimate as of Jan 2026
Signals & risks
Layoff
Mar 2024Melio laid off about 7% of its workforce amid organizational restructuring; reports said roughly 40 employees in Israel were affected.
SourceAcquisition
Latest news
PR Newswire · Jun 2026
Melio launched an agent-powered B2B payment network that lets buyers pay suppliers through supplier AR systems without new portal onboarding; the company said the network had already processed 30,000+ payments and $100M+ in annualized volume.
Business Wire · Jan 2026
Melio launched Agent Mel, an AI assistant for accountants, bookkeepers, and SMBs to answer payment, product, and vendor questions and surface payment and cash-flow insights inside the product.
Calcalist/CTech · Jun 2025
Explained the deal structure, employee-retention component, and the company’s scale; also noted prior layoffs and the shutdown of the Denver office.
Melio press room · Jun 2025
Official announcement of Xero's binding agreement to acquire 100% of Melio for $2.5 billion upfront plus up to $0.5 billion contingent consideration over three years; Matan Bar to lead the combined US business.