Melio

Simple B2B payments

Business payments platform focused on accounts payable and receivable. Acquired by Xero in 2025 for approximately $2.5-3B. Enables businesses to pay vendors by bank transfer or card and get paid via invoices.

Our take

Melio isn't traditional accounting software — it's a payment platform that makes paying and getting paid dramatically easier. The free tier with 5 ACH payments per month is useful for micro businesses, and the paid tiers add proper approval workflows and batch payments that accounts-payable teams need. The 2025 Xero acquisition should deepen the accounting integration, though the full impact is still playing out. Card payments (2.9% fee) let you pay vendors who don't accept cards, effectively earning credit card rewards on rent and supplier bills. The limitations are clear: Melio doesn't do expense tracking, bank reconciliation, or financial reporting — it's a complement to accounting software, not a replacement. The free plan's 5-payment cap pushes most businesses to the $25 Core plan quickly. Best as a payment layer alongside QuickBooks or Xero, particularly for businesses that want to pay vendors by card for cash flow flexibility.