Valuation · 2021
$4B
2024 Revenue
$157.2M(Est.)
Customers
119K
Funding
$250M
Avg ACV
$1.3K
Team
623
Founded
2018
Melio Revenue, Valuation & Funding (2024)
Melio generated an estimated $157.2M in annual revenue in 2024. Source: GetLatka estimate
Melio helps small businesses pay bills and get paid digitally, instead of through paper checks. Aiming to differentiate itself from larger competitor Bill.com, Melio focuses on embedding its payment technology into platforms like Shopify, enabling customers to make payments directly from these sites. It charges customers a 1% fee to expedite a same-day payment and 2.9% to pay by credit card. Valued at $4 billion after closing a $250 million Series C funding round in 2021, the company is backed by VCs like Tiger Global Management and Accel. The Fintech 50 2024 company's Cloud 100 debut comes after it laid off 7% of its workforce in April as part of a reorganization, bringing its employee count to approximately 600.
Last updated
Melio Revenue
In 2024, Melio's revenue reached $157.2M. The company previously reported $110M in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Melio Hit $157.2m revenue in October 2024 | Estimated |
| 2023 | Melio Hit $110m revenue in June 2023 | Not recorded |
| 2018 | Launched with $0 revenue |
Melio Valuation, Funding Rounds
Melio reached a $4B valuation in 2021, set during its Series C round.
Melio has raised $250M in total funding across 1 round, most recently a $250M Series C round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series C | $250M | $4B | 6% | Not recorded |
Founder / CEO
Matan Bar
CEO
Customers
Melio serves 119K customers.
Melio Employees & Team Size
Melio employs approximately 623 people as of 2026, down from 650 in 2023. It serves 119K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 623 employees (September 2024) | Not recorded |
| 2023 | Reached 650 employees (October 2023) | Not recorded |
Frequently Asked Questions about Melio
What is Melio's revenue?
As of 2024, Melio generated an estimated $157.2M in annual revenue.
Who founded Melio?
Melio was founded by Matan Bar.
Who is the CEO of Melio?
The CEO of Melio is Matan Bar.
How much funding does Melio have?
Melio raised $250M across 1 round.
How many employees does Melio have?
As of 2024, Melio had 623 employees.
Where is Melio headquartered?
Melio is headquartered in New York, New York, United States.
Compare Melio to the industry
Melio operates across multiple industries. Browse revenue, funding, and growth data for Melio in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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