Xero's $2.5B Melio deal isn't just about scale—it's about buying a viral payments network, a rare fraud stack, and platform ...

New Zealand accounting software giant Xero agreed to buy U.S.-Israeli payments provider Melio for as much as $3 billion, the ...

Based in Tel Aviv, Melio is the developer of a platform that seeks to make paying and getting paid electronically less of a burden to small and medium-sized businesses The post New Zealand’s Xero to ...

New Zealand cloud-based accounting software company Xero Limited (ASX: XRO) has announced that it has entered into a binding ...

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.

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.

Melio, 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.

Australia’s Gilbert + Tobin, New Zealand’s Bell Gully and Wilson Sonsini Goodrich & Rosati in the U.S. are all advising a ...

Bill-pay company Melio has agreed to be purchased for $2.5 billion by the New Zealand accounting software provider Xero, the two companies said in a joint Tuesday press release. Melio’s CEO and ...

This includes adding Melio's capability to Xero's platform and GTM engine, continuing to invest in their standalone product, and exploring syndication opportunities. The transaction will be effected ...

The CEO of Melio will stay on to run Xero's US segment. Xero's penetration within the US market remains minimal at 1%, in contrast to 80% within Australia and New Zealand.