Connect with us

Hi, what are you looking for?

Jewish Business News


New Israeli Unicorn: Melio payments rocketing to $1.3 billion valuation

Melio has made a $1.3 billion valuation within a year and a half since they launched. The company has grown by 2,000% a year.

R-L Ilan Atias, Matan Bar and Ziv Paz. Founders of Melio Photo Michael Tomarkin

The Israeli fintech company Melio announced today (Monday) the raising of $110 million in Round B rocketing to a $1.3 billion valuation within a year and a half since they launched in May 2019. The company has grown by 2,000% in one year.

Melio provides a single, integrated tool that allows small businesses to transfer and receive payments in a faster, easier way; giving oversight and control over cash flow, reducing or eliminating late payment costs, and giving businesses back valuable time.

Since Melio’s monthly active users grew by over 2,000% due to coronavirus lockdowns, small businesses are increasingly adopting digital solutions for payments.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Melio has raised $256 million to date, $240 million of which it has raised in the past year. In the previous round in September 2020, the company was worth $700 million.

The current round was led by Coatue Management, which has previously invested in the company as well as in a number of other large companies in Israel, such as Rapid and Gong.

Other investors in the round include Accel, Aleph, Bessemer Venture Partners, Corner Ventures, General Catalyst, Latitude, and LocalGlobe. Salesforce and American Express Ventures also invested in 2020.

Melio was founded by CEO Matan Bar, CTO Ilan Atias, and COO Ziv Paz. The three are experienced entrepreneurs. CEO Matan Bar sold his first startup The Gifts Project, to eBay and managed an international P2P payment team at PayPal.

COO Ziv Paz served as VP of the FIMI fund, which specializes in acquiring and improving companies. CTO Ilan Atias worked at PrimeSense, which developed sensors for detecting body movements. The company was sold to Apple. He also held a management positions at Outbrain and Windward.

Surprisingly, B2B wholesale payments industry is still involving paper invoices, long payment cycles, and generally inefficient processes. Over 40% of those transactions a $25 trillion market, in the US are still made with paper checks. 

Melio has built a technological infrastructure that connects to various financial entities, including the development of algorithms that protect the system from fraud. “We built AWS (Amazon Cloud Service) from banks instead of servers,” Ilan Atias, co-founder and VP of technology told Calcalist.

Melio currently employs 200 people will use the funds to expand its workforce. The company will add 300 new employees. In addition, the funds will be used to continue marketing and sales efforts in the United States.

“Getting better control over cash flow and the ability to manage payments remotely –and small business digitization is here to stay– are key elements of a business’ health, and that process shouldn’t be complicated,” said Melio CEO and co-founder Matan Bar, “We see this fundraising as a great privilege and responsibility to support small businesses during these challenging times.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.