Cloud accounting platform Xero announced it will acquire payments solution provider Melio . Join our community today and get unlimited access to Accounting Today.

Xero Ltd., a cloud-based accounting software firm, agreed to buy Melio Payments Inc. for $2.5 billion as the New Zealand company pushes deeper into the US market with its biggest-ever acquisition.

Based in Tel Aviv, Melio is the developer of a platform that seeks to make paying and getting paid electronically less of a ...

New Zealand accounting software giant Xero agreed to buy U.S.-Israeli payments provider Melio for as much as $3 billion, the ...

Australia’s Gilbert + Tobin, New Zealand’s Bell Gully and Wilson Sonsini Goodrich & Rosati in the U.S. are all advising a ...

New Zealand cloud-based accounting software company Xero Limited (ASX: XRO) has announced that it has entered into a binding ...

Xero Limited has entered into a binding agreement to acquire Melio, an SMB bill pay platform. The acquisition is expected to ...

Xero said the acquisition of Melio will accelerate its global aspirations and solve a critical customer need in the U.S. by uniting accounting and payments in one platform for customers.

Melio, founded in 2018 and headquartered in New York with offices in Tel Aviv, Israel, serves over 80,000 US SMBs and accounting firms.

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.