Melio Payments Inc.

www.meliopayments.com

Formerly Sizzers ; Now Melio (a Xero company)

High-Tech Company

Acquired by Xero

TECH VERTICALS

FinTech, Payments Artificial Intelligence, Billing, Enterprise Applications, PayTech, SaaS

General Data

Sector	Enterprise Software & Infrastructure
Company Stage:	Revenue Growth
Established	2018
Number of Employees	630
Employees in Israel	400

DESCRIPTION

Melio Payments is a leading financial technology company specializing in digital payments and bill management solutions for small and medium-sized businesses (SMBs), primarily in the United States. The company provides a digital accounts payable and receivables platform that streamlines payment transfers and receipts, offering enhanced cash flow oversight and control. It helps businesses manage supplier payments efficiently, reduce late payment costs, and optimize time and resources while improving cash flow management.

TECHNOLOGY

B2B cloud-based payments infrastructure for businesses.

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	U.S.-based small/medium businesses, freelancers/contractors, nonprofits, accounting/bookkeeping firms.

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm

CONTACT INFO

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Main Address: New York, United States

Address	18 West 18th St., 8 Fl.
City	New York
State/Province	NY
Country	United States
Zip	10011

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Tel Aviv, Israel

Address	28 Ha'Arbaa St.
City	Tel Aviv
Country	Israel
Zip	6473927

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Ilan Atias	Co-Founder	PrimeSense (Director of Software Engineering)
Mr. Matan Bar	Co-Founder	eBay Israel (Head of Israel Innovation Center)
Mr. Ziv Paz	Co-Founder

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Oct. 15, 2025

Revenue Growth

abCDe

The acquisition consideration includes an up-front cash payment of $2.15b and $360m in Xero Limited shares, subject to working capital adjustments. Up to $500m in contingent payments will be made to Melio employees over three years. The transaction was announced in June 2025.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	High-Tech Company	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Fourth Round

Oct. 29, 2024

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe
abC Defghij	Other	abCDe	Led the round

Third Round

Aug. 31, 2021

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Round co-leader
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Round co-leader
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe

Second Round - Extended

Jan. 25, 2021

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe	Led the round
abC Defghij	Private Investor	abCDe

Second Round - Extended

Sep. 08, 2020

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe

Second Round

Mar. 01, 2020

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe

First Round

Jun. 01, 2019

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe
abC Defghij	Private Investor	abCDe

Seed

May. 01, 2018

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Hedge Fund	abCDe
abC Defghij	Private Investor	abCDe

	Non-Equity Assistance

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Date

Stage

Remarks

Non-Equity Assistance

Apr. 01, 2019

Initial Revenues

Contributor	Type	Amount	Remarks
abC Defghij	Corporate Accelerator	abCDe

Last Updated:	abCDe
IVC Number:	abCDe