- Acquisition Talks: Bill Holdings, a US financial services platform, is in talks to acquire Melio Payments.
- Deal Value: The potential acquisition is valued at $1.95 billion.
- Valuation Drop: Melio’s valuation would be less than half of its previous $4 billion after a $250 million Series D funding round in September 2021.
- Transaction Details: Bill plans a stock and cash transaction for the takeover, but terms may be revised, and talks could still fall through.
- Company Overview: Bill, based in San Jose, California, provides financial automation software to SMBs across various industries.
- Services Offered: Bill’s integrated platform supports SMBs with invoicing, ACH payments, AR/AP, and card payments.
- Company Focus: Bill emphasizes long-term investment to serve millions of SMBs, as stated by President and CFO John Rettig.
- Announcement Timing: Bloomberg suggests an official acquisition announcement could be made as early as this week.
