M&A Deal Summary

Xero Acquires Melio

On June 24, 2025, Xero acquired internet software and services company Melio for 2.5B USD

Acquisition Highlights
  • This is Xero’s 6th transaction in the Internet Software and Services sector.
  • This is Xero’s largest (disclosed) transaction.
  • This is Xero’s 2nd transaction in the United States.
  • This is Xero’s 1st transaction in New York.

M&A Deal Summary

Date 2025-06-24
Target Melio
Sector Internet Software and Services
Buyer(s) Xero
Deal Type Add-on Acquisition
Deal Value 2.5B USD

Target

Melio

New York, New York, United States
Melio is an SMB bill pay platform that seamlessly integrates Accounting and Payments, offering US SMBs and their accountants and bookkeepers easy-to-use accounts payable (A/P) workflows and a wide choice of payment methods, helping them to have more visibility and control over their cash flow. Melio is based in New York, New York.

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Buyer(S) 1

Buyer

Xero

Wellington, New Zealand

Category Company
Founded 2006
Sector Internet Software and Services
Employees4,610
Revenue 1.9B NZD (2025)
DESCRIPTION

Xero offers an easy to use online accounting software for small businesses and their advisors. Xero provides its subscribers with connections to an ecosystem of third party apps and connections to banks and financial service providers. Xero was founded in 2006 and is based in Wellington, New Zealand.


DEAL STATS #
Overall 6 of 6
Sector: Internet Software and Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 6
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Planday

Copenhagen, Denmark

Planday is a workforce management platform that will help deliver on a purpose to make life better for people in small businesses, their advisors, and communities around the world. Planday serves more than 350,000 employee users across Europe and the UK. Its product is available in 14 languages, and it can be tailored for new regions. Planday was formed in 2004 and is based in Copenhagen, Denmark.

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