Melio Named To The 2024 Forbes Cloud 100
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 “Melio’s platform has taken an industry dominated by the outdated method of writing and mailing checks and moved it into the cloud, automating and simplifying payments for small businesses so they can spend more time on what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.
