Melio Selects Colorado to Power its Explosive U.S. Growth
Western U.S. Headquarters Begins Recruitment of 250 New Colorado Jobs to Serve Market Demand
DENVER – Melio, a leading business-to-business payments platform in the U.S. for small businesses, has selected Colorado for its western U.S. headquarters and plans to begin recruiting for 250 new jobs in the state The global payments company headquartered in New York and founded in Israel, chose Colorado for its centralized location, convenient access to domestic and global markets and its perennial talent attraction.
“Colorado is the best place to run or start a business and to live work and play. We continue to attract and grow world-class entrepreneurs and workers,” said Governor Jared Polis. “These new jobs that are being created in our backyard are a strong addition to Colorado’s thriving tech sector and our resilient economy.”
This is the second company this week that is setting up shop and creating new jobs in Colorado.
As a business-to-business payment solution, Colorado’s density of small and midsized businesses offers the ideal market for Melio’s Mile High expansion. 98% of Colorado’s businesses are small businesses and 44,740 new businesses have been formed in the first quarter of 2021 alone, a new record. Colorado continues to rank nationally as a top ten location for new businesses and business formations.
“Colorado brings a vibrant small business ecosystem, strong talent pool and strategic geographic benefits that will enable Melio to better connect with our growing user base across the U.S.," said Matan Bar, Melio co-founder and CEO. “This new office in Colorado along with our continued expansion in New York will help Melio on its mission to keep small business in business and provide our users with free, simple and secure payment solutions.”
The average annual wage of the projected sales and service positions is $82,000, which is 109% of Denver County’s average annual wage. Colorado competed with Arizona, Nevada and Texas.
For more information about Melio and career opportunities, visit their website.
Melio is on a mission to keep small business in business by helping them improve their cash flow and workflow, gain more control over their finances and optimize their business’s financial health. Melio was founded by CEO Matan Bar, CTO Ilan Atias, and COO Ziv Paz in 2018, with headquarters in New York and an R&D center in Tel Aviv. The company has raised $256 million since its inception from investors including Coatue, Accel, General Catalyst, Aleph and Bessemer. Melio is a free, simple, and secure solution that allows small businesses and their suppliers to transfer and receive payments quickly and easily. Melio is on pace to process tens of billions of dollars of transactions in 2021.
About Colorado Office of Economic Development and International Trade
The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov.