Melio Raises $150 Million To Expand B2B Payments Partnerships
Fiserv, Inc. (FI)
Last fiserv, inc. earnings: 2/25 07:00 am
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Source: Business Wire
Fiserv, Inc. Leads Latest Strategic RoundShopify Ventures And Capital One Ventures Also Participate NEW YORK--(BUSINESS WIRE)--Melio, a leading accounts payable and receivable platform for small and medium businesses, today announced it has raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions. Shopify Ventures and Capital One Ventures also participated in the funding round, which will help fuel the company’s growth through partnerships.The Series E round, which valued Melio at $2 billion, follows a ten-fold increase in revenue since the last funding round three years ago, driven by an expansion of Melio’s customer base to include medium-sized businesses and the launch of new partnerships.Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital also participated in the latest funding round.Melio’s platform integrates cash flow
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FI
Earnings
- 10/22/24 - Beat
FI
Sec Filings
- 10/31/24 - Form 4
- 10/30/24 - Form 144
- 10/30/24 - Form 4
- FI's page on the SEC website