Melio, a leading B2B payments platform for small businesses, has expanded its executive team by naming Boaz BenDavid as Chief Financial Officer, aiming to enhance strategic financial management and foster growth.
Melio, a prominent B2B payments platform focused on small businesses, has announced a significant expansion in its executive team with the appointment of Boaz BenDavid as the company’s first Chief Financial Officer (CFO). This strategic move comes into effect on May 26, 2024, and marks a pivotal step in Melio’s growth and operational scaling.
BenDavid brings a wealth of experience to Melio, having previously held the position of Vice President of Finance at Nayax, a Nasdaq-listed global provider specializing in commerce enablement, payments, and loyalty solutions. His career also includes senior managerial roles at the First International Bank of Israel and audit and advisory firm KPMG. With over 20 years in financial leadership and strategic planning, BenDavid’s expertise is expected to greatly enhance Melio’s capabilities in managing and optimising its financial strategy.
The CEO of Melio, Matan Bar, expressed enthusiasm about BenDavid joining the team, highlighting his extensive experience and proven track record as key factors that make him the ideal candidate for driving financial operations at Melio. Bar also noted that Melio is poised for critical developments in the near future, including multiple product launches and new partnerships with major financial institutions aimed at fostering profitability.
Boaz BenDavid voiced his excitement about his new role, praising Melio’s dedication to empowering small businesses. He expressed eagerness to work with Melio’s talented team to propel sustainable growth and deliver substantial value to their customers and partners.
Based in New York with an R&D centre in Tel Aviv, Melio provides essential services to small and medium-sized businesses, facilitating streamlined and efficient management of payments. By offering accounts payable and receivable services integrated with the platforms of various financial institutions, software providers, and marketplaces, Melio transforms how payments are processed between businesses, thus enhancing cash flow and workflow.
This new appointment signifies Melio’s effort to cement its status as an industry leader in the payments sector. With BenDavid at the helm of financial strategy, Melio is bound to leverage his strategic insight and experience to boost financial operations, internal controls, and continued innovation.
