Melio founders

Michael Tumarkin Photography Melio founders, from left: COO Ziv Paz, CEO Matan Bar and CTO Ilan Atias

DENVER • Another tech company, citing the culture in Denver as its main motivator, announced expansion plans that could bring up to 250 jobs in the coming years.

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Melio provides an app-based payments platform for small businesses in the U.S. It’s headquartered in New York, with a research and development facility in Tel Aviv, Israel, and employs more than 300.

It’s the second company in two weeks confirming expansion plans in metro Denver after being offered job-creation tax credits from the Colorado Office of Economic Development and International Trade.

“Really the culture and the people in Colorado were the best fit for Melio,” said Shai Fortuna, general manager of the New York operations, in an interview.

“They care about the right things we care about when it comes to diversity, company culture and we want to continue to grow in the right environment. … Seeing the different companies active there and the tech talent around, it was the best fit for us.”

OEDIT offered up to $5.6 million in job-growth tax credits if Melio creates the estimated 250 jobs. The average wage for those sales and customer support positions is $82,000.

Last week, Australian fintech company Finder confirmed it’s opening a Denver operation and creating up to 198 jobs statewide in the coming years.

Melio also cited the large conglomeration of small businesses in Colorado, its target client. State statistics show 98% of businesses in the state are considered small; and 44,740 new businesses were formed in the first quarter — a record.

“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.”

Fortuna said Colorado’s central location will help Melio better respond to West Coast clients.

“It’s also important that people within the company want to relocate there,” Fortuna said.

The company’s hiring for Colorado positions begins Tuesday.

“Colorado is the best place to run or start a business and to live work and play,” said Gov. Jared Polis in a statement. “We continue to attract and grow world-class entrepreneurs and workers. These new jobs that are being created in our backyard are a strong addition to Colorado’s thriving tech sector and our resilient economy.”

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Melio was also looking at locations in Arizona, Nevada and Texas.

“We’ve been really happy with the level of cooperation from the government officials, locals and the other companies in Colorado,” Fortuna said. “They’ve all been helpful and supportive with our inquiries. ... That supportive, collaborative and welcome environment is a huge differential.”

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