It’s official — our Pre-Series-A raise has closed, and the media is already all over it.

Headlines are calling Lessn “the next Melio,” and we’ll admit, that’s not a label we take lightly.

If you’re in fintech, you know what that means. Melio is one of the most talked-about B2B payments platforms of the last decade — a company that took something small businesses dreaded (paying bills, managing approvals, juggling cash flow) and turned it into something fast, simple, and even rewarding.

They didn’t just solve one pain point. They streamlined cash flow, stripped out admin, and embedded payments where business owners were already working. That combination was so powerful it caught the attention of Xero, who recently acquired Melio for $3.9 billion.

That’s the kind of impact we’re aiming for.

At Lessn, we’re building the same category-defining experience — not by copying Melio, but by applying the same focus and ambition to the Australian market first. We’re here to make moving money between businesses effortless, intelligent, and rewarding. And with a long runway ahead, we’re just getting started.

Why this matters — and why now

The Xero–Melio deal earlier this year sent a very clear message to the market:

Owning the money flow is the future of small business software.

Xero wrote a $3.9 billion cheque for Melio not because it was profitable, but because it had become essential infrastructure for small business payments in the US.

Why? Because payments are where the friction is.

Ask any finance team and you’ll hear the same story:

• Approvals are clunky

• ABA files are a pain to manage

• Some suppliers take cards, others don’t

• Reconciling transactions takes hours

• Cash flow planning is reactive, not proactive

And yet, most businesses have just accepted this as “the way it’s done.”

We don’t think that’s good enough.

Just like Melio did for the US, Lessn is doing for Australia — removing the friction between accounting systems and payment execution, and giving businesses a reason to enjoy the process of moving money.

The raise

We’ve secured over $1 million from a tight-knit crew of heavyweight investors — the kind of people who have been there, built it, and scaled it.

Backing us in this round, just to name a few:

• Michael Masterman — the man behind Element Zero and Twiggy-linked ventures

• Dean Swan — Vice President & GM APJ at monday.com

• Brendon Cook — founder of oOh! Media

• Ian Lennie — Zepto Payments founder

It wasn’t a public raise, and it didn’t need to be. It was oversubscribed because the people who know fintech know that solving payments pain at scale is one of the biggest opportunities in software.

This funding gets us to cash-flow positive while letting us double down on building and delivering faster.

What Lessn does

Lessn isn’t another accounting tool. We’re not asking you to replace your Xero, MYOB account.

Instead, we wrap around it — plugging in and taking over the grunt work so your finance team doesn’t have to.

Here’s how it works:

• Automated payments — approve, schedule, and pay without leaving the platform

• No more ABA files — payments route through our secure digital wallet

• Card payments for any supplier — even if they don’t accept cards

• Seamless reconciliation — transactions match back to your accounting software automatically

• Real-time control — decide when and how you pay, down to the minute

The result?

• Finance teams spend less time in spreadsheets and bank portals

• Small businesses keep more control over their cash flow

• Bookkeepers and accountants can add value instead of chasing paperwork

And this isn’t just for traditional SMEs. We’ve got tradies, construction firms, and property managers using Lessn to handle everything from COGS and FX payments to everyday expenses — all in one system.

Where the funding will go

This raise fuels three key priorities:

1. Product innovation
   We’re launching new features that make moving money between businesses effortless and rewarding.

2. Deeper integrations
   We’re embedding Lessn directly into the tools our customers already live in — no extra logins, no extra admin.

3. Cash flow intelligence
   We’re giving businesses real-time visibility and control over payments, so they can make proactive decisions, not reactive ones.

We’re also investing in our team — hiring the best people to help us keep the pace up while staying lean.

Early traction, big ambition

Right now, Lessn is growing at 30% month-on-month.

The average customer processes ~ $100,000 per month through our platform.

To put that into perspective, Melio didn’t start with billions in payment volume either. They started small, solved a big problem really well, and then scaled fast once product–market fit locked in.

We’re seeing those same signals here.

As Annie Porter from our team put it:

“Lessn solves real problems for our customers in an inventive way. Watching David defeat every obstacle at a relentless pace is where the team gets its determination and belief in Lessn’s future.”

The road ahead

Being compared to Melio after the Xero acquisition isn’t just flattering — it’s validation that we’re on the right track.

Over the next 12 months, we’ll be relentlessly executing on our roadmap:

• More features

• More integrations

• More control for businesses over their payments and cash flow

We’re staying lean, staying fast, and staying focused on delivering real value.

A huge thank you to our investors for backing the vision, and to the Lessn team and customers — without you, none of this would be possible.

We’ve got big ideas. And now, we’ve got the fuel to bring them to life.

Ready to make payments less painful?

If you’re a business that wants:

• To cut payment admin in half

• To pay any supplier by card (even if they don’t take cards)

• To get real-time control over your cash flow

…then it’s time to try Lessn.

Start your free trial today and see how much simpler business payments can be.