Is a
Funding Round attributes
Funding Type
Funded Company
Funding Round Amount (USD)
150,000,000
Investment
Announcement URL
Funding Round Date
October 29, 2024
Israeli fintech company Melio has secured $150 million in a Series E funding round, lowering its valuation to $2 billion from $4 billion in its previous round in 2021. The funding was led by Fiserv, with participation from Shopify, Capital One, and others. Despite the valuation cut, Melio's revenue has increased tenfold since its last round, surpassing $100 million in annual recurring revenue. Founded in 2018, Melio offers payment solutions for U.S. businesses and partners with firms like Fiserv and Shopify to streamline transactions.
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