Melio
Valuation
$4B
2024 Revenue
$157.2M
Customers
119K
Funding
$250M
YOY
42.9%
Avg ACV
$1.3K
Team
623
Founded
2018
How Melio CEO Matan Bar grew Melio to $157.2M revenue and 119K customers in 2024.
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. Since its launch in 2018, Melio has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Melio Hit $157.2m revenue in October 2024 |
| 2023 | Melio Hit $110m revenue in June 2023 |
| 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 |
|---|---|---|---|---|
| 2021 | Series C | $250M | $4B | 6% |
Melio Employees & Team Size
Melio employs approximately 623 people as of 2026, down from 650 in 2023.
Melio has 623 total employees in different roles and functions. They have 119K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 623 employees (September 2024) |
| 2023 | Reached 650 employees (October 2023) |
Founder / CEO
Matan Bar
Matan Bar is listed as Founder / CEO at Melio.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Melio acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Melio
What is Melio's revenue?
Melio generates $157.2M in 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.
How many employees does Melio have?
Melio has 623 employees.
Where is Melio headquarters?
Melio is headquartered in New York, New York, United States.
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Compare Melio to the industry
Melio operates across multiple industries. Browse revenue, funding, and growth data for Melio in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .