On this episode of Invested, Michael hosts Matan Bar, co-founder and CEO of Melio. 

Before founding Melio in 2018, Matan Bar was the GM of the PayPal Consumer R&D center in Tel Aviv and led PayPal’s Consumer Peer to Peer Payments Group globally, responsible for over $50B in payment volume annually.

Matan joined PayPal through the acquisition of his first company (The Gifts Project) by eBay Inc in 2012.

Please rate this episode 5 stars wherever you stream your podcasts! 

KEY TOPICS 

• [00:00:00] Intro 
• [00:02:10] Founding The Gifts Project
• [00:06:37] “Ideas Change, People Don’t”
• [00:11:00] Resilience and Patriotism in Israeli Tech 
• [00:16:19] Meaning Behind Melio’s Name
• [00:18:55] Melio’s Mission
• [00:23:16] Meeting George W. Bush
• [00:28:04] Power of Storytelling
• [00:35:00] Early Days of Melio
• [00:38:29] Partnering with Intuit and Fiserv
• [00:40:05] Traditional Banks Are Here to Stay
• [00:48:22] Making Tough Decisions 
• [00:56:32] Separating From a Co-founder
• [01:00:00] Evaluating a Company
• [01:04:25] How AI is Transforming Melio 
• [01:11:25] Melio’s Hiring Practices
• [01:13:31] Feedback From a CEO to His Investor

RESOURCES

Follow Matan on LinkedIn: https://www.linkedin.com/in/matanbar/ 

Learn more about Melio: https://meliopayments.com/ 

Subscribe to Invested here: https://content.aleph.vc/invested

Learn more about Aleph: aleph.vc 

Sign up for Aleph’s monthly email newsletter: https://newsletter.aleph.vc/

For the transcript of this episode, go to: https://content.aleph.vc/podcast-episodes/matan-bar---episode-24

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Follow Michael on Twitter: twitter.com/mikeeisenberg

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CREDITS

Executive Producer: Erica Marom 

Producer: Sofi Levak

Video and Editing: Ron Baranov

Music and Art: Uri Ar 

Design: Rony Karadi