US Edition
Xero to Acquire US Platform Melio in $4.1b Deal
- Xero Limited announced on June 24, 2025, that it will acquire 100% of Melio Limited, a US B2B payments platform, in a US$2.5 billion cash and equity deal.
- The acquisition follows Melio’s growth since its 2018 founding, including a US$4 billion valuation in 2021 and a US$150 million funding round in 2024 led by Fiserv.
- Melio handles payments exceeding US$30 billion each year, supports 80,000 small business clients across the US, and reported revenue of US$153 million for its fiscal year 2025.
- Xero’s CEO, Sukhinder Singh Cassidy, expressed excitement about the company’s planned purchase of Melio, a prominent US-based B2B payments provider that fits well with Xero’s 3x3 strategy and supports its objectives for expanding in the United States.
- The acquisition is expected to triple Xero's North American revenue and average revenue per user on day one and accelerate US growth subject to regulatory approvals.
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48 Articles
48 Articles
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Left
5
Center
13
Right
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Coverage Details
Total News Sources48
Leaning Left5Leaning Right4Center13Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 23%
C 59%
R 18%
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