US Payments Firm Melio Raises $250 Million in Series D Funding Round

​New York-based Melio, a B2B payments company helping small businesses to digitally manage their supplier payments, announced that it has raised an additional $250 million in Series D funding round to fuel the expansion of its B2B payments platform and partnerships.

​The latest funding round was co-led by Thrive Capital and General Catalyst with participation from Tiger Global Management, Accel, Bessemer, Coatue, Corner Ventures and Latitude, bringing the firm's total funding to $506 million since its inception in 2018.

Melio will utilise the new funds to expand its partnerships with financial institutions, software providers and marketplaces.

Founded by by CEO Matan Bar, CTO Ilan Atias and COO Ziv Paz, the company provides a free online platform that helps businesses to transfer faster payments and more efficiently.