Xero Acquires Melio for $2.5B to Unite Accounting and Payments for U.S. SMBs
Xero Limited has entered a binding agreement to acquire 100% of Melio, a U.S.-based small business payments platform, in a transformative deal valued at US$2.5 billion in upfront consideration, plus up to $0.5 billion in contingent payments. This landmark acquisition brings together Melio’s innovative accounts payable (A/P) technology with Xero’s cloud-based accounting platform to deliver a seamless, unified solution for U.S. small businesses, bookkeepers, and accountants.
