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CompanyProfile

Help SMBs thrive

with advanced B2B

payment platform

elio was founded in 2018 by Matan Bar, ISO/MLS contact:
co-founder and CEO, Ilan Atias, co-founder
and CTO, and Ziv Paz, who is no longer Prashant Gandhi
M with the company. Before founding Melio, Chief Business Officer
Bar led the peer-to-peer payments team at PayPal, where
he observed small and midsize businesses (SMBs) lever- prashant@melio.com
aging consumer payment platforms like Venmo and 646-665-4684
Square while continuing to use paper checks for B2B
commerce. In response, Bar and Atias resolved to help https://meliopayments.com
businesses digitalize payment methods across the board.
Melio is headquartered in New York, with offices in Den- of SMB solutions. In 2023, the company partnered with
ver and a Research and Development Center in Tel Aviv. American Express Co., global fintech services provider
Prashant Gandhi, Melio's chief business officer, noted that Fiserv and ecommerce platform Shopify; it also integrat-
before Melio became the company it is today, it helped ed with accounting software company Xero.
small businesses manage their bookkeeping.
Gandhi mentioned that on the product side, Melio
"This afforded us the opportunity to understand small launched real-time payments, virtual cards and its mo-
businesses' pain points and develop an accounts payable bile B2B payment app, Pay over time, in more than 70
and receivable tool to help small business owners spend countries, as well as an AP solution with Capital One
more time growing their business and less time in the Business. These efforts garnered recognition in the Fi-
proverbial back office," he said. nancial Technology Report's Top 100 Financial Technol-
ogy Companies, as well as Forbes' Fintech 50 for a second
Protecting, scaling small business consecutive year, he added.
Melio is committed to keep small businesses in busi- "Melio partners with multiple platforms that already help
ness by providing a digital B2B payments platform that their SMB customers accept payments online from con-
saves time and improves cash flow to create quick, seam- sumers, such as Shopify and Clover," he said. "By part-
less transactions. By transforming how money is moved nering with Melio they can now offer their customers a
between businesses, Gandhi stated, the company helps native and intuitive experience to also pay their vendors
SMBs focus on what really matters: growing their busi- from within their Shopify or Clover accounts."
nesses and improving their bottom lines.
Future-ready innovation
Currently, Melio employs a combined staff of 600 in its
three locations, Gandhi noted. Along with Bar, Atias and To help interested SMBs research Melio, the company's
Gandhi, the leadership team includes Tomer Barel, presi- website, https://meliopayments.com, categorizes offerings
dent and COO; Jonathan Polk, general counsel and chief by products, solutions, partners, resources and pricing,
compliance officer; Prashant Gandhi, chief business offi- enabling SMBs to assess the company through multiple
cer; and Sharon Bachar, chief people officer. lenses.

Melio's laser focus on SMBs drives the company's solu- Melio will continue to develop and innovate to keep
tions—which Gandhi noted, are uniquely tailored for small businesses in business while also looking for new
each client, whether tech startup or legacy firm—by of- ways to empower SMBs and build resiliency, Gandhi af-
fering free ACH bank transfers and embedding payment firmed. Noting that many small businesses still manage
technology into Shopify Bill Pay and other popular plat- their operations through manual processes, such as Excel
forms. These cost-effective resources provide AP and AR spreadsheets and paper checks, he suggested embedded
capabilities that help SMBs enhance efficiencies and scale payments and modern, digital-first solutions can help
their businesses, he added. businesses take a big step forward by leveraging software
to drive automation.
Partnership-driven growth
"We truly believe that each of the 33,185,550 small busi-
Melio credits its partners and investors for helping triple nesses in the United States are the backbone of our econ-
its valuation to $4 billion from 2021 to the present, while omy," he said. "And they deserve best-in-class services to
expanding reach through a diverse product portfolio thrive."

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