B2B Payments Company Ranked As A Top Cloud
Company
Melio, a leading B2B payments platform for small businesses, has
been named to the Forbes 2024 Cloud 100, the definitive ranking of
the top 100 private cloud companies in the world, published by
Forbes in partnership with Bessemer Venture Partners and Salesforce
Ventures.
“The Forbes 2024 Cloud 100 is testimony that Melio is
transforming digital payments and we are proud to be listed among
so many leaders of innovation,” says Matan Bar, co-founder and
Chief Executive Officer of Melio. “Melio’s platform has taken an
industry dominated by the outdated method of writing and mailing
checks and moved it into the cloud, automating and simplifying
payments for small businesses so they can spend more time on what
is most important - growing their business.”
Melio’s platform is designed to optimize cash flow and minimize
time spent on administrative tasks. Melio provides businesses with
multiple choices like instant payments, monthly installments, and
international payments so that businesses have the flexibility on
how they pay vendors and receive payments.
For the ninth consecutive year, the Cloud 100 reviews
submissions from hundreds of cloud startups and private companies.
The evaluation process involved ranking companies across four
factors: market leadership (35%), estimated valuation (30%),
operating metrics (20%), and people & culture (15%). For market
leadership, the Cloud 100 enlists the help of a judging panel of
public cloud company CEOs who assist in evaluating and ranking
their private company peers.
“For nine years, the Forbes Cloud 100 list has recognized the
leading private cloud companies in the world, from AI to work
software, infrastructure to security,” said Alex Konrad, Forbes
editor of the Cloud 100. “This year’s list is the strongest group
of standouts yet, with revenue, valuations and growth that will
eventually make for historic IPOs.”
“Across nine years of data, we have yet to see as competitive of
a cohort as the 2024 Cloud 100. The list value reached $820 billion
this year, the highest list value in Cloud 100 history,” said Mary
D’Onofrio, partner at Bessemer Venture Partners. “Unsurprisingly,
AI is now the highest valued category. We continue to be excited by
how AI companies are scaling rapidly, transforming the cloud, and
propelling the next wave of growth, driving a massive
year-over-year jump in market cap of the list of over $150
billion.”
"The past year, our industry has seen a generational step
forward in innovation, and with AI leading the charge, we are
witnessing one of the most important platform shifts in decades,"
said Paul Drews, managing partner at Salesforce Ventures. "The
Cloud 100 list represents the best of the best, and we've never
been more excited about what the future holds, not only for the
cloud but for the entire technology industry. We are proud of what
these founders and their communities have already accomplished, and
look forward to seeing how they continue to transform the industry
in the future."
The Forbes 2024 Cloud 100 and 20 Rising Stars lists are
published online at www.forbes.com/cloud100.
About Melio:
Melio is a leading B2B payments technology company that enables
small and medium-sized businesses to quickly and seamlessly
transfer and receive payments, helping them improve cash flow and
workflow. Melio offers accounts payable and receivable as a service
through integrations with the platforms of financial institutions,
software providers, and marketplaces, transforming how money is
transferred between businesses. Melio has headquarters in New York
and an R&D center in Tel Aviv. For more information, visit
meliopayments.com.
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong
foundations to build and forge long-standing companies. With more
than 145 IPOs and 300 portfolio companies in the enterprise,
consumer and healthcare spaces, Bessemer supports founders and CEOs
from their early days through every stage of growth. Bessemer’s
global portfolio has included Pinterest, Shopify, Twilio, Yelp,
LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more
than $18 billion of assets under management. Bessemer has teams of
investors and partners located in Tel Aviv, Silicon Valley, San
Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born
from innovations in steel more than a century ago, Bessemer’s
storied history has afforded its partners the opportunity to
celebrate and scrutinize its best investment decisions (see Memos)
and also learn from its mistakes (see Anti-Portfolio).
About Forbes
Forbes champions success by celebrating those who have made it,
and those who aspire to make it. Forbes convenes and curates the
most influential leaders and entrepreneurs who are driving change,
transforming business and making a significant impact on the world.
The Forbes brand today reaches more than 140 million people
worldwide through its trusted journalism, signature LIVE and Forbes
Virtual events, custom marketing programs and 43 licensed local
editions in 69 countries. Forbes Media’s brand extensions include
real estate, education and financial services license
agreements.
About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies
that reinvent the way the world works. For over 15 years, we’ve
invested in and partnered with more than 400 of the world’s most
tenacious enterprise software companies from seed to IPO, including
Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com,
nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. We leverage our
decades of expertise in the cloud and our long-term relationships
with key decision-makers at thousands of businesses around the
world to give our portfolio companies an unfair advantage, help
them build credibility, and accelerate growth. Salesforce Ventures
has a $5BN portfolio of 300+ companies in more than 25 countries,
and has offices worldwide, including in San Francisco, Irvine, New
York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn
more at http://www.salesforceventures.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240806039120/en/
Propel Strategic Communications DeeDee Rudenstein, 267-521-9654
drudenstein@propelsc.com