#MELIO ONLINE INVOICING REVIEWS SOFTWARE#

– Software Advice rating: 4.5 (247 reviews) – Linkedin: 9,500 followers (174 employees) – Website visits: 940,000 (Mar 2023 SimilarWeb) – Raised $15M prior to 2021 ( Crunchbase) – Linkedin: 22,700 followers (597 employees) – Employees: 597 employees ( Pitchbook), up 11 since Nov 2022 – Website visits: 610,000 (Mar 2023 SimilarWeb) – Raised $504M including $360M in 2021 ( Crunchbase) – Employees: 1,024 ( Pitchbook), down 56 since Nov 2022 – Website visits: 1.1M (Mar 2023 SimilarWeb) – Valuation: $8.3B (based on Dec 2021 round) – Raised $565M including $270M in 2021 ( Crunchbase) – Employees: 1,600 ( Pitchbook), unchanged since Nov 2022 – Website visits: 120,000 (Mar 2023 SimilarWeb) – Raised: $1.8B of which $660M was in 2021 ( Crunchbase) – Employees: 2,269 ( Pitchbook), down 1 from Nov 2022 – Website visits: 3.0M (Sep 2022 SimilarWeb) – Raised $496M including $216M in its Dec 2019 IPO ( Crunchbase) – SoftwareAdvice rating: 4.5 ( 4,200 reviews) – Linkedin: 86,800 followers (698 employees) – Employees: 698 ( Linkedin), down 24 from Nov 2022 – Website visits: 4.3M (Mar 2023 SimilarWeb) – Rating: 4.4 ( 1,400 reviews per Software Advice). – Linkedin: 14,300 followers (305 employees) – Employees: 343 ( Pitchbook), down 7 from Nov 2022 – Website visits: 8.0M (Mar 2023 SimilarWeb) – Exit: Acquired by H&R Block for US$400M in June 2019 ****Funding is the amount invested into the company as either equity or debt.Ĭhallenger Billpay & Invoicing Suppliers in the United StatesįAB Score = 1,605 (up 100 since Nov 2022) It’s a work in progress, so expect changes down the road. The score uses money raised, valuation and website traffic as a proxy for company size and velocity of growth. We call it the FAB score, standing for Fintech Attention Barometer. ***As nerds do, we are developing a proprietary score measuring the adoption of digital financial services at private companies that do not release traditional metrics (# customers, deposits, AUM, etc). * FintechLabs receives advertising and/or affiliate revenue from the company Source: FintechLabs, 24 April 2023 using data from Crunchbase, SimilarWeb, SEMrush, Pitchbook BillPay & Invoicing Startups ( ranked by FAB score***) Rank The FAB Score Ranking (Fintech Attention Barometer) is a proxy for the size of a private fintech company. NEW: Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Check out our latest lists: SMB online lenders (33) | SMB challenger banks (12) | SMB insurers (15) | SMB charge cards/expense management (16) | Billpay & invoicing (17)| Payment processors (7) | Subscription processors (7) | SMB digital accounting/bookkeeping (21) And none have started in the past 5 years.Ģ020 or later > 0 Small Business Billing Startup Spotlightīonsai | HQ: San Francisco | Founded: 2016 | Raised: $120,000+ (YC alum) | Website traffic: 500,000/mo | Employees: 34 | Linkedin followers: 1,930 | Trustpilot score: 4.8 (210 reviews)

Unlike other fintech areas, 6 of the top 7 providers are more than 10 years old. Subscription management platforms ( here).

Bill payments and/or invoicing specialists (see below).

Charge card & expense management ( see our list here).

We divided the payment providers into four categories: Most providers operate on a dual revenue model which includes:Ī.) monthly subscription fees to create predictable recurring revenueī.) transaction fees to cover interchange and other variable processing costs. So a number of companies have emerged during the past decade-plus to better serve SMB needs. And it’s an area often overlooked by traditional online banking providers. Money and cash flow are the lifeblood of a small business. Melio, founded in mid-2018, is the latest VC-funded entrant in the payables space.

Melio online invoicing reviews