The Salesforce and American Express-backed online payment platform developer is reportedly set to see its valuation explode in a new funding round.

Melio, the US-based payment platform developer backed by corporates American Express and enterprise software provider Salesforce, is tripling its valuation to $4bn in its latest funding round, The Information reported on Monday.

The amount was undisclosed but the round was co-led by venture capital firms Thrive Capital and General Catalyst, according to a person with direct knowledge of the deal. It is still open and could still see the valuation change.

Founded in 2018, Melio has developed an online platform…

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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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