Xero, the New Zealand-based accounting software giant, has agreed to acquire U.S.- Israeli payments platform Melio for up to $3 billion in cash, equity, and employee incentives—the largest outbound deal by a New Zealand company in over a decade. The acquisition strengthens Xero’s U.S. expansion by integrating Melio’s accounts payable and receivable tools into its platform, aiming to offer seamless cash flow and accounting solutions to U.S. small and medium businesses. While analysts acknowledge the strategic potential of the deal, they also note the high valuation and the execution risks tied to achieving synergies in a competitive U.S. fintech market.
New Zealand’s Xero to Acquire US fintech Melio for up to $3 billion
