New York based business payments startup raised $80m in a Series B extension round led by Coatue and General Catalyst.
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Payments company, Melio, raises $80m
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“At a time when small businesses need the most flexibility, they have the least,” said Matan Bar, Melio Co-Founder and CEO, who previously led Consumer P2P Payments at PayPal. “Our mission is to keep small businesses in business. We do this by allowing small businesses to manage payments remotely, paying when and how they want, giving them more control and helping businesses manage cash flow . Business payments shouldn’t be more complicated than paying a friend with your phone.”
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