- Prashant Gandhi joins Melio C-suite as Chief Business Officer
- Prashant to drive Melio’s collaboration with leading financial institutions and software platforms
- Previously Partner at Mckinsey and COO of its Digital practice, Gandhi brings two decades of financial services and tech experience
Melio, a leading B2B payments company for small businesses, has appointed former JPMorgan Chase Managing Director and Chase’s Head of Digital Payments Prashant Gandhi as Chief Business Officer. Prashant will be responsible for accelerating Melio’s business with financial institutions and software companies so that millions of small businesses can seamlessly integrate B2B payments into their workflow.
Prashant joins Melio’s C-suite from JPMorgan, the world’s largest bank by market cap, where he built a team that managed the entire suite of digital payment products used daily by Chase's nationwide retail and small business customers. Prior to JPMorgan, Prashant spent 16 years at McKinsey & Co as a Partner in Delhi and New York offices, and helped launch a new practice called McKinsey Digital as the Global Chief Operating Officer. Prashant resides with his family in New York.
Prashant joins Melio at a time of rapid expansion at the company, which provides a free, simple, and secure solution that allows small businesses and their suppliers to transfer and receive payments quickly and easily in whatever payment form they choose.
Melio’s expansion -- it is one of the world’s fastest growing fintech companies exceeding a $1 billion valuation in under three years -- comes as many small businesses adopt software tools to keep up with and leverage the growing digital economy. America’s 31 million small businesses, which employ 60.6 million people, make about $10 trillion in vendor payments annually. About $5 trillion of these payments are still made by checks.
Prashant Gandhi, Chief Business Officer, said, “The work Melio is doing in payments is critical to the success of small businesses. We will bring to market a set of innovations that help small businesses better manage their cash flow cycle - which is a lifeline for them. I’m looking forward to scaling Melio’s service to small businesses in partnership with leading financial institutions and software platforms.”
Matan Bar, co-founder and CEO of Melio, said, “Prashant’s leadership, world-class track record of building successful fintech platforms, and his deep knowledge of the payments sector will be invaluable as we enter the next phase of our rapid growth. We’re delighted to add him to our leadership team.”