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New Zealand accounting software giant Xero agreed to buy U.S.-Israeli payments provider Melio for as much as $3 billion, the ...
Xero announced a deal to acquire small business payments platform Melio for $2.5 billion and fill a gap in its offerings by integrating accounting and bill payments.
Xero Ltd., a cloud-based accounting software firm, agreed to buy Melio Payments Inc. for $2.5 billion as the New Zealand company pushes deeper into the US market with its biggest-ever acquisition.
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GlobalData on MSNXero to acquire B2B payments platform Melio in $2.5bn dealMelio, founded in 2018 and headquartered in New York with offices in Tel Aviv, Israel, serves over 80,000 US SMBs and accounting firms.
The ASX-listed accounting software giant says it will buy Melio Payments to expand quickly in America, where its efforts to grow have stalled.
Xero CEO Sukhinder Singh Cassidy added: "We're excited to welcome Melio's world-class team to Xero and look forward to working together to deliver on our shared goals once the transaction completes.
New Zealand cloud-based accounting software company Xero Limited (ASX: XRO) has announced that it has entered into a binding ...
Nothing changes in Melio's product. Meanwhile, in parallel, Xero will embed Melio's features into Xero's core platform. As part of Xero's commitment to an open ecosystem, the company will also ...
Xero Limited has entered into a binding agreement to acquire Melio, an SMB bill pay platform. The acquisition is expected to ...
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