US EditionXero to Acquire US Platform Melio in $4.1b Deal
- On June 24, 2025, Xero Limited announced a binding agreement to acquire Melio Payments, a New York-based company, for a total consideration of US$2.5 billion paid through a combination of cash and equity.
- Xero pursued this acquisition to expand its US market presence by integrating Melio's leading B2B payment platform with its accounting software.
- Founded in 2018, Melio serves 80,000 customers, processed over US$30 billion in payments, and generated US$153 million in revenue for the fiscal year ending March 2025.
- Xero CEO Sukhinder Singh Cassidy described Melio as a prominent US-based B2B payments company that fits well with Xero’s strategic goals and will help accelerate the company’s expansion in North America.
- The transaction is anticipated to finalize within half a year, subject to regulatory approvals, and is designed to drive substantial growth in Xero’s US revenue while broadening its customer solutions.
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73 Articles
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Total News Sources73
Leaning Left5Leaning Right7Center18Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 17%
C 60%
R 23%
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