Melio
Sector: Fintech & Insurance
About Melio
Melio was acquired by Xero, the global cloud accounting vendor. Simplifies B2B payments, allowing small businesses to pay vendors via credit card even if the vendor only accepts checks. The platform is designed to simplify accounts payable and receivable for small and medium-sized businesses (SMBs). Melio operates as Xero’s primary R&D and payments hub in Israel, integrating its fintech stack directly into the Xero ecosystem to serve millions of users worldwide.
Products
Melio Accounts Payable; Melio Receivables; B2B Payment API
Melio provides a cloud-based dashboard that acts as a "digital wallet" for business logistics: Accounts Payable (AP): Allows businesses to pay any vendor via bank transfer or credit card—even if the vendor only accepts paper checks (Melio mails a physical check on the user's behalf). Accounts Receivable (AR): Enables businesses to send branded digital invoices and accept payments online, speeding up the collection process.Syncing & Automation: Deep integration with QuickBooks, FreshBooks, and now natively with Xero, ensuring that books are updated automatically as soon as a payment is authorized. Embedded Finance: Melio’s "Melio for Partners" allows other platforms (like Shopify or banks) to embed their payment technology directly into their own interfaces.
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