Overview
Melio is a digital AP/AR platform for SMBs founded in July 2018 by Matan Bar (CEO, former PayPal), Ilan Atias (CTO), and Ziv Paz. Headquartered in New York City with offices in Tel Aviv, the company raised $638M across 6 rounds before being acquired by Xero for $2.5 billion in June 2025.
Highlights
- Founder story: Matan Bar’s PayPal experience shaping B2B payment vision
- Xero acquisition: $2.5B deal (June 2025) creating global SMB finance powerhouse
- Free core model: Basic AP/AR functionality free; monetizes card payments
- Payment flexibility: Pay via ACH, credit/debit cards, or checks regardless of vendor preference
- Infrastructure play: Powers payments for Fiserv, Capital One, Shopify
- “Paying and getting paid shouldn’t be a burden” philosophy: Simplicity for small business owners
- Target market: SMBs (coffee shops, ecommerce, restaurants)
- Use cases: Vendor payments, bill pay, payment tracking, cash flow management
Founded
July 2018. Founded by Matan Bar (CEO, former PayPal), Ilan Atias (CTO), Ziv Paz.
Headquarters
New York City; offices in Tel Aviv.
Ownership and funding
Acquired by Xero for $2.5B (June 2025). Raised $638M across 6 rounds.
Core technology
Digital AP/AR platform for SMBs. Pay via ACH, credit/debit cards, or checks. Free for basic use; monetizes card payments.
Market position
SMBs (coffee shops, ecommerce, restaurants); infrastructure powers payments for Fiserv, Capital One, Shopify.
Product philosophy
“Paying and getting paid shouldn’t be a burden”.