DENVER, CO (STL.News) Melio, a leading business-to-business payments platform in the U.S. for small businesses, has selected Colorado for its western U.S. headquarters and plans to begin recruiting for 250 new jobs in the state The global payments company headquartered in New York and founded in Israel, chose Colorado for its centralized location, convenient access to domestic and global markets and its perennial talent attraction.
“Colorado is the best place to run or start a business and to live work and play. We continue to attract and grow world-class entrepreneurs and workers,” said Governor Jared Polis. “These new jobs that are being created in our backyard are a strong addition to Colorado’s thriving tech sector and our resilient economy.”
This is the second company this week that is setting up shop and creating new jobs in Colorado.
As a business-to-business payment solution, Colorado’s density of small and midsized businesses offers the ideal market for Melio’s Mile High expansion. 98% of Colorado’s businesses are small businesses and 44,740 new businesses have been formed in the first quarter of 2021 alone, a new record. Colorado continues to rank nationally as a top ten location for new businesses and business formations.
“Colorado brings a vibrant small business ecosystem, strong talent pool and strategic geographic benefits that will enable Melio to better connect with our growing user base across the U.S.,” said Matan Bar, Melio co-founder and CEO. “This new office in Colorado along with our continued expansion in New York will help Melio on its mission to keep small business in business and provide our users with free, simple and secure payment solutions.”
The average annual wage of the projected sales and service positions is $82,000, which is 109% of Denver County’s average annual wage. Colorado competed with Arizona, Nevada and Texas.