Melio, a payments platform for small businesses, said on Tuesday it had raised $250 million in late-stage funding round, tripling its valuation to $4 billion since the start of 2021.
The latest funding round, co-led by new investor Thrive Capital and existing shareholder General Catalyst, brings the U.S.-Israeli firm’s total funding to $506 million since its inception in 2018.
Tiger Global Management, as well as existing investors Accel, Bessemer, Coatue, Corner Ventures, and Latitude, also took part in the Series D round.
New York-based Melio, which raised funds at a $1.3 billion valuation in January, said its monthly processing volumes had surged 5,000% over the past 18 months.
Do you know your company’s value? Position yourself for success in 2021. With the industry’s foremost expert on valuations, The Strawhecker Group (TSG) works with clients to arm them with critical decision-making information.
What should you be doing right now?
Determining the value of a merchant portfolio is not a simple task. Luckily, TSG can position you for success with its unique “bottom up” approach analyzing the minutia of every merchant in the portfolio in order to accurately access its value. Email us to get started today.
Learn more about TSG’s valuations, matchmaking, and due diligence support that may help as you strategize for 2021.