Melio is a financial technology company specializing in providing digital payment solutions tailored for small to medium-sized businesses (SMBs). Founded in 2018, Melio aims to simplify and streamline the accounts payable and receivable processes, enabling businesses to manage their payments with greater efficiency and control.

The platform offers a user-friendly interface that allows businesses to pay vendors, suppliers, and other business-related bills electronically. Users can make payments via bank transfers (ACH) or utilize their credit cards, even if vendors do not accept card payments. This flexibility assists businesses in optimizing cash flow and potentially earning card-based rewards. Additionally, Melio supports international payments, enabling users to pay vendors and suppliers globally.

One of Melio's standout features is its seamless integration with popular accounting software such as QuickBooks and Xero. This ensures that all transactions are synchronized, reducing manual data entry and minimizing errors. The platform also offers a mobile application, allowing users to send and track payments on the go, enhancing convenience for busy business owners.

To further support business operations, Melio provides capabilities like payment approval workflows, easy bill capture through scanning, and the creation of virtual cards for online business expenses. These features collectively contribute to a more organized and efficient payment process.

In terms of market position, Melio has experienced significant growth since its inception. As of November 2024, the company raised $150 million in a Series E funding round, bringing its total funding to $638 million over six rounds. Notable investors include Fiserv, Shopify, Capital One Ventures, Accel, Bessemer Venture Partners, Coatue, Frontline Ventures, General Catalyst, Latitude, and Thrive Capital. This substantial financial backing underscores the confidence investors have in Melio's business model and its potential for continued expansion.

Melio's commitment to innovation and addressing the specific needs of SMBs has positioned it as a formidable player in the B2B payments landscape. By focusing on simplifying payment processes and offering versatile solutions, Melio empowers businesses to manage their finances more effectively, contributing to their overall growth and sustainability.

Melio's affiliate program offers individuals and businesses the opportunity to earn commissions by referring new customers to their platform. Affiliates can earn up to $600 for each successful referral, depending on the type of referral and the actions taken by the referred party. The program is designed to reward affiliates for bringing in both small to medium-sized businesses and accounting professionals.