February 25, 2021
Business News

Melio Raises $144M to keep Small Businesses in Business by Simplifying their B2B Payments

NEW YORK & TEL AVIV–()–Melio, a B2B payments company helping small businesses digitally manage their supplier payments, has raised $144m to reach more small businesses across the US as they shift to digital solutions to help manage the economic effects of Covid-19.

Small businesses typically use a variety of different tools to manage supplier payments, with almost half of B2B payments carried out with paper checks. Melio’s digital accounts payable and receivable dashboard provides a single, integrated tool that allows small businesses to transfer and receive payments in a faster, easier way, giving oversight and control over cash flow, reducing or eliminating late payment costs, and giving businesses back…

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