Leading B2B Payments Company Melio Appoints Seasoned Executive Sharon Bachar as Chief People Officer

● Former Cisco, WeWork HR leader joins Melio’s C-suite as Chief People Officer

● Senior hire helps support Melio’s growth strategy

NEW YORK--(BUSINESS WIRE)--Melio, a leading B2B payments company for small businesses, has appointed Sharon Bachar as Chief People Officer. A veteran human resources leader, Bachar joins the company C-suite at a time of rapid growth for Melio, as it expands its headcount and global presence.

Melio just announced it is opening its new western U.S. headquarters in Colorado, in addition to continuing to grow its Tel Aviv R&D center and its New York headquarters. Bachar will be instrumental in overseeing this rapid growth while maintaining the company’s inclusive, people-oriented culture.

Melio has raised $256 million since 2018 and has experienced 2,000% growth in the number of monthly active users in 2020 alone.

Bachar is a seasoned human resources executive with extensive experience in global HR leadership roles, for both international enterprises with over 5,000 people and with start-ups. She has a passion for partnering with business leaders and entrepreneurs to accomplish their vision and will be critical in helping Melio recruit and leverage talent to help keep small businesses in business. Bachar will help build up Melio’s leadership team while supporting the company’s commitment to diversity and inclusion in the workforce.

Bachar joins Melio from WeWork, where she served as Head of People International, leading all aspects of the people strategy through the company transformation for the last three years. Prior to WeWork, Bachar spent 17 years at Cisco where she was a key member of the European regional leadership team. She was responsible for leading the people strategy and providing overall HR support to the region. In addition, Bachar managed and supported many aspects in the acquisition integration processes of 14 companies across different countries in Europe. Bachar currently sits on the advisory board of Qwilt.

Sharon Bachar, Chief People Officer at Melio, said, “Melio is a truly exciting business that is expanding rapidly. I was impressed by its inclusive culture, where people are proud to be, and where building their careers is a top priority for the company. I can't wait to bring my experience at fast-growth companies to bear, ensuring that Melio continues to develop its culture while attracting strong talent to fulfill Melio's critical mission.”

Matan Bar, Melio CEO and co-founder, said, “Melio's people are the reason for the success and rapid growth of the company to date. We're delighted to be able to recruit an executive of Sharon's expertise to ensure that we continue to attract and retain the best talent for the long term. ”

About Melio

Melio is on a mission to keep small businesses in business by helping them improve their cash flow and workflow, gain more control over their finances and optimize their business’s financial health. Melio was founded by CEO Matan Bar, CTO Ilan Atias, and COO Ziv Paz in 2018, with headquarters in New York and an R&D center in Tel Aviv. Melio has also selected Colorado for its western U.S. headquarters and has begun recruiting for 250 new jobs in the state. The company has raised $256 million since its inception from investors including Coatue, Accel, General Catalyst, Aleph and Bessemer. Melio's smart B2B online payment solution is tailor-made for small businesses' needs. It is a free, simple, and secure solution that allows small businesses and their suppliers to transfer and receive payments quickly and easily. Melio is on pace to process tens of billions of dollars of transactions in 2021.