Melio is a fintech company that gives small businesses a way to digitally manage their business-to-business payments and receivables. Melio deposits checks on behalf of their clients or mails them to their clients’ vendors without incurring any delivery fees.

Users can also defer payments by paying with their credit card, subject to a 2.9% transaction fee. Using your credit card to settle payments not only earns card rewards but also allows you to take advantage of 45 days of leeway until your next credit card statement.

Melio has payment scheduling features that allow you to set automatic payments so you don’t have to worry about late or early payments.

It also has payment approval workflows so that users or accountants can be invited to access the platform without losing full control over transaction approval. It integrates seamlessly with QuickBooks accounting software and allows payment with any credit card or bank in the US.

The company is currently only available to small businesses in the US.

Melio currently employs over 400 people, half of them in Israel and the rest in the company’s offices in the U.S.

It was founded in 2018 by the Israelis Ilan Atias (Linkedin), Matan Bar (Linkedin), and Ziv Paz (Linkedin)and is based in New York, New York.

We rate the company on Green, for now.