Keeping Small Business in Business.
Helps small businesses pay bills and get paid online, instead of through paper checks. Differentiating itself from larger competitor Bill.com, Melio targets tiny mom and pop shops whose owners often aren’t accounting savvy. It charges customers a 1% fee to expedite a same-day payment and a 2.9% to pay by credit card.
The founders of Vesey Ventures are most interested in startups that want to play nice with the giants of the banking and payment industries.
Ballerine, described as a "first of its kind" open source risk decisioning Fintech, has raised $5 million in seed funding led by Team8, with participation
Melio, a payments platform for small businesses, announced a partnership with Shopify to power Shopify Bill Pay, an accounts payable solution.