New Zealand Small Business Platform $18 Billion Xero Buys United States Small & Medium Sized Businesses (SMBs) Payment Platform Melio for $3 Billion, Melio Founded in 2018 by Matan Bar, Ziv Paz & Ilan Atias, Xero Founded in 2006 by Rod Drury
26th June | Hong Kong
New Zealand small business platform Xero ($18 billion market value) has announced to buy United States Small & Medium Sized Businesses (SMBs) payment platform Melio for $3 billion. Melio was founded in 2018 by Matan Bar, Ziv Paz & Ilan Atias. Xero was founded in 2006 by Rod Drury. Xero – is a global small business platform that helps customers supercharge their business by bringing together the most important small business tools, including Accounting, Payroll and Payments — on one platform. Xero’s powerful platform helps customers automate routine tasks, get timely insights, and connects them with their data, their apps, and their accountant or bookkeeper so they can focus on what really matters. Trusted by millions of small businesses and accountants and bookkeepers globally, Xero makes life better for people in small business, their advisors, and communities around the world. Melio – Melio serves US SMBs and accounting firms with accounts payable, receivable and cash flow management solutions. Headquartered in New York with offices in Tel Aviv, Israel. Founded in 2018, Melio has scaled rapidly to serve over 80,000 customers. Melio’s leading platform integrates with and maintains partnerships with financial institutions, allowing businesses to sync payments data and avoid manual entry. Melio also acts as a technology service provider for vertical SaaS platforms and financial institutions including Capital One and Shopify, and distribution partners including Fiserv through a syndication model. This enables Melio to potentially reach millions of small businesses to provide embedded accounts payable products.
“ New Zealand Small Business Platform $18 Billion Xero Buys United States Small & Medium Sized Businesses (SMBs) Payment Platform Melio for $3 Billion, Melio Founded in 2018 by Matan Bar, Ziv Paz & Ilan Atias, Xero Founded in 2006 by Rod Drury “
New Zealand Small Business Platform $18 Billion Xero Buys United States Small & Medium Sized Businesses (SMBs) Payment Platform Melio for $3 Billion, Melio Founded in 2018 by Matan Bar, Ziv Paz & Ilan Atias, Xero Founded in 2006 by Rod Drury
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