News

Xero to acquire Melio, a leading US SMB bill pay solution, to accelerate global growth
Xero Limited (ASX: XRO) today announced it has entered into a binding agreement to acquire 100% of Melio Limited and its ...
Business Recorder5h
Tech stocks drag Aussie shares lower as markets assess Xero’s Melio deal
“Xero’s acquisition of Melio… comes with short-term earnings dilution, integration risks and heightened exposure to a ...
Coatue doubled its money on Melio. Here’s how to learn from its success
This elusive hedge fund legend believes the “virtuous flywheel” of AI expansion could herald a golden age of investing as big ...
Melio swallowed in $2.5B deal
The New York bill-pay company is set to be acquired by Xero, a New Zealand provider of accounting and payroll management ...
ASX 200 live: John Bradley quits Vic govt role; Westpac tips July RBA cut; Xero under pressure after Melio raise
Welcome to the Trading Day blog for Thursday, June 26. The ASX 200 closed flat at 8550.9 points on Thursday, as investors ...
New Zealand's Xero to buy US fintech Melio for $2.5 billion
New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies ...
Inside Xero’s $4b bet to finally crack the US market
CEO Sukhinder Singh Cassidy is doing the sort of deal fund managers are usually wary of. But she’s determined to double the ...
AccountingWEB21h
Big Four trade graduates for AI, Xero buys Melio, e-invoicing’s $600bn opportunity
AccountingWEB technology editor Tom Herbert rounds up the latest news and analysis from the accounting technology universe in bite-sized video form.