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Payments Startup Melio Raises $80M Series C

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Summary List Placement   Business-to-business payments platform Melio has raised $80 million to make it easier for businesses to pay their suppliers. The new Series C funding, led by investment fund Coatue Management, brings Melio's total funding to $144 million, the company said. The company also raised an unannounced $48 million Series B round led by Accel in April 2020. Other backers include Bessemer Venture Partners, LocalGlobe, and General Catalyst. The two-year-old payments provider aims to digitize the still largely-analog B2B payments market in the US by offering small businesses an easy-to-use tool for paying suppliers and controlling cash flow.

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