Fiserv led a $150m funding round in Melio.

Fiserv, a provider of payments and financial services technology solutions, led a $150m funding round in Melio, an accounts payable and receivable platform for small and medium businesses, with participation from Shopify Ventures, Capital One Ventures, Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital. “Through our partnership with Melio, CashFlow Central is designed to create significant value for financial institutions and their business clients or members. We are excited to leverage our unique position at the intersection of financial institutions and businesses to deliver a comprehensive, integrated experience that enables our clients to compete and grow their portfolios with this important segment of their communities,” John Gibbons, Fiserv Head of Financial Institutions Group.