Melio named to 2022 CB Insights’ Fintech 250 list
Melio recognized for achievements as one of the most innovative B2B payment startups
NEW YORK, 25 October 2022 /PRNewswire/ — CB insights called Melio to its fifth annual Fintech 250 rankingwhich showcases the 250 most promising private fintech companies in 2022.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investments and insurance,” said Brian Lee, SVP of CB Insights’ intelligence unit. “Representing more than 30 countries, these companies are creating safer and more efficient ways to pay, transforming how traditional banking, insurance and investment products are delivered. Together, they not only make financial services more convenient for users, but also make them accessible to more people, especially traditionally underserved populations around the world.”
“Melio is honored to be recognized as an industry leader along with so many other deserving companies,” said Melio CEO and co-founder Food Bar. “In the past year, Melio has experienced accelerated growth, and we’re excited for what’s to come as we expand our team to support strategic opportunities on the path to building the business-to-business payment infrastructure of the future.”
By using CB Insights Platform, the research team selected these 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were selected based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength and technological novelty. The research team has also reviewed over 2,000 of Analyst briefings submitted by applicants.
Melio offers a simple, integrated payment solution that allows small businesses to quickly and seamlessly transfer and receive payments – helping with cash flow needs, eliminating late payments and giving businesses back valuable time. In the last 12 months, the company has experienced accelerated growth. It is now being processed 2.5 billion dollars a month in payment volume and is on track to reach an annual run rate of 40 billion dollars by the end of 2022.
Melio has now been recognized on CB Insights’ Fintech 250 two years in a row.
Fast facts about the 2022 Fintech 250:
- Equity financing and agreements: The Fintech 250 cohort has crossed over 115 billion dollars in equity financing across over 1,100 agreements since the start of 2017 (as of 20 September 2022). Only in 2021 did the winners rise above 51 billion dollars across 337 share agreements.
- Unicorns: There are 159 companies with $1B+ valuations on the list.
- Global reach: Globalization is a central theme for this year’s Fintech 250. The winners represent 33 different countries across the globe – 7 more than last year. Just over half (53%) of the selected companies are headquartered in the US, which is the fewest we have seen in the Fintech 250 since 2017. The UK came second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand and make technology decisions with confidence. By combining data, expert insights and work management tools, clients manage their end-to-end technology decision-making process at CB Insights. To learn more, please visit www.cbinsights.com.
About Melio
Melio’s mission is to keep small businesses in business, help them improve cash flow and workflow, gain more control over their finances, and optimize their company’s financial health. Melio was founded by the CEO Food BarCTO Ilan Atiasand Ziv Paz in 2018, with headquarters in New Yorkan R&D center i Tel Avivand the western United States headquarters in Colorado. The company has raised 506 million dollars to date. Melio’s smart B2B online payment solution is tailored to the needs of small businesses. It’s a free, simple and secure solution that allows small businesses and their suppliers to transfer and receive payments quickly and easily.
SOURCE Melio
