Financial technology company Melio Payments Inc. has raised $80 million from a group of investors that include hedge-fund firm Coatue Management LLC and venture-capital investor General Catalyst. The firms are betting Melio is well-positioned to benefit from smaller businesses turning to technology to help manage their finances more effectively, at a time when many have been hammered by the economic fallout from the coronavirus pandemic.

Source: Wall Street Journal September 08, 2020 11:37 UTC