Melio

Company 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

transaction fees

embedded payments / syndication

partner distribution

Funding

Stage

Acquired

Total raised

$654M

Latest round

Series E · Oct 2024

Latest amount

$150M

Series E

Oct 2024 · Fiserv

$150M

Series D

Sep 2021 · Thrive Capital and General Catalyst

$250M

Funding round

Jan 2021 · Coatue

$110M

Series C2

Jan 2021 · Coatue

$110M

Series C

Aug 2020 · Coatue

$80M

Series B

Mar 2020 · Accel

$48M

Seed / Series A

Jan 2019

$16M

Seed + Series A

$16M

People & investors

Leadership

Co-founder & CEO

Co-founder & CTO

President

Chief Financial Officer

Prashant Gandhi

Chief Business Officer

Jonathan Polk

General Counsel & Chief Compliance Officer

Aharon Levine

Vice President of Payments Strategy

Founders

Ziv Paz

Co-founder

Investors

Accel

Aleph

American Express Ventures

Bessemer Venture Partners

Tiger Global Management

Xero

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

Wellness support

Vacation, sick days, holidays, parental leave, and wedding days

Weekly Seamless stipend

Catered meals

Fully stocked kitchens

Dog-friendly offices

Workshops and mentorship programs

Hybrid working environment

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

React

TypeScript

Python

Java

MySQL

Apache Kafka

CircleCI

Jenkins

GitHub

Snowflake

dbt

Looker

Tableau

Playwright

Figma

Zendesk

Workday

NetSuite

Customers

Small and mid-sized businesses

Accountants

Bookkeepers

Accounting firms

CFOs

Businesses paying vendors and contractors

Financial institutions

Vertical SaaS platforms

Marketplaces

Competitors

Ramp

Tipalti

AvidXchange

Airwallex

FreshBooks

Payoneer

Stripe

PayPal

Adyen

Clara

Scale & contact

Estimated revenue

$150M-$200M

Estimated monthly visits

470K

Traffic estimate as of Jan 2026

support@melio.com

Signals & risks

Layoff

Aug 2022

Melio cut 60 employees, mainly from Sales and Customer Success, citing a shift in product priorities.

Source

Layoff

Mar 2024

Melio laid off about 7% of its workforce amid organizational restructuring; reports said roughly 40 employees in Israel were affected.

Source

Acquisition

Jun 2025

Xero announced a binding agreement to acquire 100% of Melio for $2.5B upfront plus up to $0.5B in contingent consideration.

Source

Shutdown

Jan 2025

Media reports said Melio shut its Denver office after growth stalled and headcount was restructured.

Source

Latest news

Melio launches autonomous B2B payment network for SMBs

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.

Melio Launches Agent Mel, an AI-Powered Assistant to Streamline Business Financial Decision-Making

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.

From PayPal roots to global exit: Inside Melio’s $3B sale to Xero

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.

Xero to Acquire Melio | SMB Bill Pay Solution

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.

Xero to buy US fintech Melio for up to $3 billion

Reuters · Jun 2025

Reuters reported Xero agreed to acquire Melio for up to $3 billion, with $2.5 billion upfront plus up to $500 million in contingent payments.

Jobs and careers at Melio

26 jobs at Melio

Senior Talent Acquisition Partner

Remote

People

Remote, US; New York, New York, United States

3d ago

Remote

Full-time