Melio Payments
B2B payment platform that enables businesses to pay and get paid with intelligent accounts payable and receivable software, targeting SMBs, accountants, and bookkeepers.
Melio Payments
B2B payment platform that enables businesses to pay and get paid with intelligent accounts payable and receivable software, targeting SMBs, accountants, and bookkeepers.
Executive Summary
Melio is a well-funded, growth-stage B2B payments platform that built genuine traction — $157.2M in 2024 revenue, 119K customers, and $654M raised from top-tier investors — before being acquired by Xero for $2.5B upfront in June 2025. The market thesis is rock-solid: the SMB B2B payments segment is growing at 18%+ CAGR and the AP software market is on track to nearly triple by 2034. The founding team is genuinely strong — CEO Matan Bar brings PayPal leadership experience managing $50B+ in annual payment volume and a prior eBay exit. The single biggest issue for any investor today is that the deal is done: Xero is acquiring the company, independent equity upside is gone, late-stage investors at the $4B peak valuation face a down-exit, and the story is now about Xero integration rather than standalone growth.
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