Melius, a startup founded by former engineers from fintech company Ramp, has raised $20 million, according to a Techub News brief citing TechCrunch. The company has dropped its original product direction and is now focused on offering a new platform for fintech companies. Within two months of launching the new platform after the pivot, Melius surpassed $1 million in annual recurring revenue. The update points to early commercial traction following the strategic shift, with the company now centered on platform services for fintech clients rather than its initial product plan. No additional financing details were disclosed in the brief.
Melius, a startup founded by former engineers from fintech company Ramp, has raised $20 million, according to Techub News, which cited TechCrunch.
The company has abandoned its original product direction and is now focused on a new platform serving fintech companies. Within two months of launching that platform after the pivot, Melius had exceeded $1 million in annual recurring revenue.
The report cited TechCrunch as the source of the information.
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