The American Express and Salesforce-backed payment software developer tripled its valuation to $4bn in its latest funding round.

Melio, a US-based payment software provider Melio backed by payment processing firm American Express and enterprise software provider Salesforce, received $250m yesterday in a series D round that brought its valuation to $4bn.

Thrive Capital co-led the round with General Catalyst while Tiger Global Management, Accel, Latitude, Corner Ventures, Coatue and Bessemer Ventures Partners (BVP) also invested, boosting the company’s total funding to almost $500m.

Melio has created a software platform that allows small businesses to efficiently transfer and receive…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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