Xero CEO Sukhinder Singh Cassidy said: "We're thrilled to announce we're acquiring Melio, a leading US B2B payments platform that strongly aligns with our 3x3 strategy and US growth ambitions.

Xero has acquired US-based fintech Melio Payments for USD 2.5 billion upfront with an additional USD 500 million in contingent consideration, deferrals, and rollovers. The deal will be funded 50% ...

Xero CEO Sukhinder Singh Cassidy said, “We’re thrilled to announce we’re acquiring Melio, a leading US B2B payments platform that strongly aligns with our 3×3 strategy and US growth ambitions.

Xero Limited (ASX: XRO) today announced it has entered into a binding agreement to acquire 100% of Melio Limited and its associated entities (collectively Melio).

Melio co-founder and CEO Matan Bar, who sold his first payments business to eBay in 2011 and subsequently spent six years with eBay and PayPal, will lead the combined Xero business in the U.S ...

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 partnerships that could finally help Xero challenge Intuit in the U.S ...

Xero noted that the upfront consideration will be $2.5B (A$3.9B) in cash and Xero scrip. Additional contingent consideration, deferrals and rollovers is payable to Melio employees of up to $0.5B ...

Dive Brief: 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.

[BENGALURU] Xero, New Zealand’s information technology giant, said on Wednesday (Jun 25) it would buy US-headquartered fintech firm Melio for an upfront consideration of US$2.5 billion, aiming to more ...

You can enter bills into Melio manually, bulk-add PDFs or import them from QuickBooks or Xero. In fact, if you use an accounting program other than Xero, we’d say that Melio is a must-have.

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.