Swimm is a knowledge management platform that automatically generates and updates documentation for codebases using AI, enabling developers to understand and work with legacy code more efficiently. By providing instant documentation coverage and real-time updates, Swimm helps teams modernize their code 42% faster and improves overall developer productivity.
Funding
$33.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially small to medium-sized businesses (SMBs), struggle with inefficient and time-consuming accounts payable and accounts receivable processes, often relying on manual methods like paper checks and spreadsheets. These outdated systems lead to delayed payments, increased administrative overhead, and difficulties in managing cash flow effectively.
Solution
Melio provides a unified platform designed to streamline and automate accounts payable and accounts receivable for SMBs. The platform enables businesses to pay vendors, contractors, and any business bill using various methods, including ACH bank transfers, credit cards (even where cards aren't accepted), and fast payments for expedited transactions. Melio also offers accounts receivable solutions, allowing businesses to send invoices and receive payments online through custom payment links, simplifying reconciliation with accounting software integrations, and providing tools to track incoming payments. Melio's features include approval workflows, easy bill capture, international payments, and options to pay over time, giving businesses greater control over their cash flow and payment processes.
Target Audience
Melio primarily targets small to medium-sized businesses (SMBs) across various industries, including professional services, food and beverage, construction, retail, healthcare, nonprofits, logistics, and wholesale, as well as accounting firms managing client payments.
Features
- Accounts Payable: Pay vendors via ACH, credit card (with 2.9% fee), or check, even if they don't accept cards.
- Accounts Receivable: Send invoices and receive payments online with custom payment links.
- Integrations: Seamlessly integrates with QuickBooks Online, QuickBooks Desktop, and Xero for automated data synchronization.
- Mobile App: Send, track, and approve payments on the go.
- Fast Payments: Expedite payments with fast ACH transfers or checks.
- International Payments: Pay global vendors in their preferred currency with transparent fees.
- Pay Over Time: Pay business bills in up to 12 monthly installments (subject to eligibility).
- Approval Workflow: Share responsibilities and maintain control with customizable user roles and permissions.
- Easy Bill Capture: Automate bill pay by scanning bills, importing invoices from Gmail, or sending invoices directly to the Bills tab.
- W-9 Collection: Collect W-9 forms from contractors directly within Melio.
- Auto 1099 Sync: Easily file 1099s by syncing with tax1099.com.
- Payment Tracking: Monitor the status of incoming payments from sent to paid.
- Security: Employs industry-leading security measures, including PCI data security standards, multi-factor authentication, and DDoS protection.