Melio raising hundreds of millions of dollars at $4 billion valuation
The Israeli fintech company completed a $110 million round at a $1.3 billion valuation this January, but according to a report by The Information it is set to triple its valuation in new funding round
Meir Orbach | 10:46 31.08.2021
Israeli fintech company Melio is raising hundreds of millions of dollars at a $4 billion valuation, website The Information is reporting. Melio completed a $110 million financing round at a valuation of $1.3 billion in January of this year. Since its launch a little over three years ago, the company has raised a total of $256 million. Melio, which developed a simple technological solution enabling small businesses in the U.S. to digitally transfer payments to their suppliers, has benefitted from perfect timing and a measure of luck. Its solution helped small businesses overcome the payment transfer challenges brought about by the Covid-19 pandemic and in fact provided a business lifeline to many of them.