Thrive Capital and General Catalyst led a $250m Series D funding round in Melio.

Private equity firms Thrive Capital and General Catalyst led a $250m Series D funding round in Melio, a developer of a B2B payments platform. Additional investors include Tiger Global, Accel, Bessemer, Coatue, Corner Ventures, and Latitude. "Melio is leveling the playing field for small businesses, empowering them with solutions focused on cash flow and workflow issues, which are critical for small business owners. Since our initial investment in Melio, I've worked closely with Matan. I've been very impressed with his leadership and with what he and the team have accomplished. Most importantly, I am very excited about the opportunity that lies ahead of them as one of the fastest growing companies in the small business payments space," Ken Chenault, General Catalyst Chairman and Managing Director.