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…

Fernando Moncada Rivera

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