Matan Bar on Starting a $Billion Company, Making Hard Calls & Pitching Melio to G.W. Bush | Invested

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