Melio Continues US Expansion With Denver HQ

The B2B platform Melio has opened its western headquarters in Denver, part of what the firm describes as its “explosive growth” in the U.S.

The company announced the opening Wednesday (Sept. 29) and said it happened in conjunction with a new partnership with Denver’s Office of Economic Development & Opportunity (DEDO) and its Technology Employment in Colorado Partnership (TEC-P) program to recruit and train 250 candidates to join the Melio’s sales, payment operations, customer experience and customer support teams.

“Melio is a global business leader that will provide a major boost to our local economy and excellent-paying career opportunities for our residents,” said Denver Mayor Michael B. Hancock. “This is the right move at the right time as Denver’s economic recovery accelerates and capitalizes on the impactful workforce programming we’ve put into place. Welcome to Denver, Melio.”

Melio lets companies send and receive near-instant payments, using accounts payable and receivable technology to ensure seamless transactions. The company says Colorado’s high density of small and medium-sized businesses — 98% of the state’s businesses are SMBs — offers the “ideal market” for its expansion.

“Melio is committed to supporting Colorado’s vibrant small-business community, which embodies the innovative and entrepreneurial spirit that built Melio and aligns with its mission to help small businesses by providing them with an easy tool to manage payments remotely and maximize their cash flow,” said Matan Bar, Melio’s CEO and co-founder.

In just the first quarter of 2021 alone, 4,740 new businesses launched in Colorado, a new record. Melio says the state is also routinely listed as one of the top ten locations in the country for the creation of new businesses.

Related reading: B2B Payments Platform Melio Raises $250M at $4B Valuation

The announcement comes two weeks after Melio announced it had raised $250 million, following a $110 million funding round in January, bringing the company’s valuation to $4 billion. The company has said it will use the money to partner with new financial institutions and software providers, and expand into new markets.