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Xero to Acquire US Platform Melio in $4.1b Deal
UNITED STATES, JUN 24 – The acquisition expands Xero's US presence by integrating accounting with Melio's payment platform, accessing 80,000 customers and $30 billion in annual payments, boosting revenue threefold.
- On June 24, 2025, Xero Limited announced it had entered into a definitive agreement to purchase all outstanding shares of Melio Limited in a transaction valued at US$2.5 billion, consisting of both cash and equity.
- The acquisition responds to the pressing need among US small businesses for simplified financial systems integrating accounting with payments.
- Melio, founded in 2018 and serving about 80,000 clients, processed over US$30 billion in payments and generated US$187 million annualized revenue by March 2025.
- Xero CEO Sukhinder Singh Cassidy highlighted that integrating Melio’s exceptional team, technology, and cutting-edge accounts payable capabilities with Xero will significantly accelerate their growth and presence in the North American market.
- The acquisition aligns with Xero’s 3x3 strategy and is anticipated to significantly boost revenue in the US, potentially increasing North American revenue more than threefold immediately.
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Leaning Left5Leaning Right7Center19Last UpdatedBias Distribution61% Center
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C 61%
R 23%
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