The deal, which is thought to be in the final stages of discussions according to Bloomberg, would reportedly value Melio, a B2B payments platform provider for small businesses, at $1.95 billion.
This figure is less than half of the paytech’s former $4 billion valuation that it secured following its $250 million Series D funding round of September 2021, which was led by General Catalyst and Thrive Capital.
According to Bloomberg’s sources, Bill plans to secure the takeover through a stock and cash transaction. However, it has been emphasised that the exact terms of the agreement could be revised prior to the deal being inked and the talks could still fall through altogether.
