LATEST NEWS

Melio Offers A Lifeline To Small Businesses With Launch Of Pay Over Time

New Accounts Payable Product Provides Small Businesses With Flexible Terms To Pay Vendors

Melio, a leading B2B payments platform for small businesses, today announced the launch of Pay Over Time, the first product that enables small businesses to pay vendors and business bills in monthly installments, while their suppliers get paid in full and on time. The product, powered by Credit Key, will provide eligible small businesses with instant access to capital of up to $50,000 through their Melio account.

“We’re proud to be providing more flexibility to small businesses that need to pay bills and invoices with strict terms, enabling our customers to better align their spend and income,” said Matan Bar, Melio co-founder and CEO. “This unique Accounts Payable service enables business bills to be paid in installments, providing our customers with an additional layer of cash flow flexibility.”

Payment terms are traditionally set by vendors and small businesses have to meet them. Pay Over Time gives business owners the option to extend the time they have to pay their bills. While their vendors still get paid on time, business owners can pay in net 30 terms or in up to 12 equal monthly installments.

“Melio is continuing to scale rapidly and offer new products to meet the evolving needs of small business owners,” said Ilan Atias, Melio co-founder and CTO. “This product will be a gamechanger for small businesses because of the ease of use – with Pay Over Time small businesses have a tool embedded into their pay flow to quickly access financing.”

Pay Over Time is the latest innovative product offering from Melio, a payments company on a mission to Keep Small Business in Business. This announcement follows the recent launch of Melio’s mobile app as well as a partnership with Shopify that provides U.S. merchants with the ability to pay and manage their bills from their Shopify admin.


Credit: Dana Tamari

thumbnail_מימין מתן בר ואילן אטיאס – קרדיט

Daria - New-Tech Magazine

Recent Posts

Bitsight to Acquire Cyber Threat Intelligence Leader Cybersixgill to Help Enterprises to Preempt Cyber Attacks

Plans to Deliver Advanced Threat Intelligence within its Attack Surface and Third-Party Risk Solutions  Bitsight,…

9 hours ago

Molex Announces Agreement to Acquire AirBorn, Expanding its Position in the Aerospace and Defense Market

AirBorn provides mission-critical components and services to leading companies in the aerospace and defense, commercial…

9 hours ago

NVIDIA’s Israel-1 Ranks No. 34 in the TOP500 List of the World’s Most Powerful Supercomputers

The fastest AI supercomputer in the country, accelerated by the Israel-developed NVIDIA Spectrum-X Networking platform,…

9 hours ago

Melexis and Geely Illuminate the Future of Automotive Lighting Design

 Melexis is pleased to announce that the renowned Geely Automotive Group has chosen to use…

9 hours ago

Enhanced performance: Panasonic Industry releases advanced OS-CON high-voltage capacitor line extension

New SXV, SXE, and SVPG series deliver superior durability, low ESR, high ripple current, and…

9 hours ago

Mouser Explores the Open-Source Future with RISC-V Technology Resource Centre

Mouser Electronics, Inc., the industry’s leading New Product Introduction (NPI) distributor with the widest selection…

9 hours ago