Matan Bar, co-founder and CEO of accounts payable and receivable platform Melio, which was acquired by Xero last October, has been named CEO of Xero US, the global small business platform announced on Monday.
He will be responsible for both the Xero US and Melio businesses.
The announcement was made on the same day Xero officially launched online bill payments, enabling U.S. small businesses to manage and pay bills directly from Xero.
“The U.S. payments landscape is uniquely complex but vital for small businesses,” Bar, who founded Melio along with Ziv Paz (who left the company in 2021) and Ilan Atias in 2018, said in a statement on March 23. “Xero and Melio together replace slow, manual processes with a modern, scalable tech stack. By embedding flexible, self-serve workflows, we remove payment friction and streamline operations, saving business owners and their advisors time and optimizing cash flow to fuel confident growth.”
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Xero’s online bill payments, powered by Melio, eliminates friction by unifying bill management, payment, and reconciliation in one automated workflow, the company said. Businesses and their advisors benefit from speed, choice, and cashflow visibility, with the ability to pay vendors instantly via bank transfer, debit card, or credit card—even if the vendor doesn’t accept cards.
Xero’s AI assistant JAX automatically reconciles transactions, keeping books accurate and enabling owners to shift from reporting on the past to forecasting for the future, Xero said.
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“Small business bill management has been highly fragmented,” Diya Jolly, chief product and technology officer at Xero, said in a statement. “By embedding online bill payments into Xero, we’re closing the gap between bill payments and bookkeeping. Paired with JAX—our agentic AI platform—reconciliation is automatic, giving business owners a real-time, 360-degree view of their cash flow that is unmatched by standalone providers.”
Melio was acquired by Xero last year in a deal valued at $2.5 billion. Xero said at the time that it would retain Melio’s 600 employees working at the company’s two office locations: New York and Tel Aviv, Israel.
More information about online bill payments can be found here.
Photo credit: Melio
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Tags: ceo, Matan Bar, Melio, Small Business, Technology, xero
