Fintech unicorn Melio on verge of being acquired in $2 billion deal

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Here’s a summary of the key information from the provided text regarding Melio:

Startup:

  • Name: Melio
  • Founded: 2018
  • Founders:
    • Matan Bar (CEO and Co-Founder)
    • Ilan Atias (CTO and Co-Founder)
    • Tomer Barel (President)

Funding Details:

  • 2024 Funding Round:
    • Lead Investor: Fiserv
    • Participating Investors:
    • Shopify
    • Capital One
    • Frontline Ventures
    • Accel (Existing Investor)
    • Bessemer (Existing Investor)
    • Coatue (Existing Investor)
    • General Catalyst (Existing Investor)
    • Latitude (Existing Investor)
    • Thrive Capital (Existing Investor)

Fundraising Series:

  • Latest Series: 2024 Round

Key Dates:

  • Previous Funding Round: August 2021
  • Annual Recurring Revenue Milestone: Crossed $100 million in 2023

Company Overview:

  • Employees: Approximately 600 (400 in Israel, 200 in the U.S.)
  • Industry: Fintech, providing payment solutions for businesses in the U.S.

Additional Notes:

  • Mention of layoffs in Israel and the U.S. as part of a broader restructuring of operations.
  • Significant revenue growth noted, with a tenfold increase since the previous round.

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2025-06-24 21:35:36