Matan Bar, Co-Founder & CEO of Melio, on Bridging the Gap Between B2B and AP Automation
Update: 2022-04-07
Description
Matan Bar is the Co-Founder and CEO of Melio, the B2B online payment service that allows small businesses to manage payments and receivables digitally. While consumers have been using peer-to-peer payment services for years, many small businesses were still sending checks in the mail, waiting days or even weeks for payments to go through. Now, Melio helps save precious time while increasing cash flow. The need for Melio exploded during the COVID-19 pandemic, and the company raised $144M in just one year. Before founding Melio, Matan worked with PayPal and co-founded The Gifts Project, which was quickly acquired by eBay in 2011. Melio may be Matan’s first venture as a CEO, but the company was already given a $4B valuation after just three years and now has offices in Tel Aviv, New York, and Denver. With an incredibly promising future ahead of him, Matan continues to build both a winning service and a winning team.
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