The New Zealand Cloud-Lifting Software Company Xero Limited (ASX: XRO) announces that it has entered a company that binds 100% Israeli company in Fintech Melio. Xero will make immediate payment of US $ 2.5 billion money and part and additional $ 500 million in milestone fees and continued employment with staff members.
Melio, built by Bar, Ziv Paz, and some atias, raised nearly $ 600 million. The company raises $ 250 million on September 2021, at the top of the Covid Tech Boom, in an appreciation of the company $ 4 billion. At the end of last year, Melio raised an additional $ 150 million in a valuation of $ 2 billion. The main investors include Fiserv, growing capital, General Catalyst, Besser, Besser, Cofus, Alefh, Aleph, Aleplel, Cornentiwer.
The major winners of the agreement were the founders – Bar, Paz and Atias – who combined 7% -9% of the company’s parts and earn about $ 100 each from the exit. Bessermer has 18% stake and aleph holds a 12% stake. Each fund generates a multiplier of many dozen their original investment in the company’s first financing. The coatue also has 12% stake even when it returns is not as large as invested in a later stage.
Melio has developed a pay platform for small and medium sized business that integrates accounting and payments, and offers US companies and their accountants and bookkeepers easy-to-use accounts payable workflows and a wide choice of payment and control over their cash flow. Xero says Melio gets helps it expand in the US market.
Xero CEO Sukinder Singh Cassidy said, “We enjoyed announcing that we have taken the world’s placats and our North American SMOons are to be able to complete the main jobs to do for the US insurance, and provide many customer drivers, and deliver a number of income drivers. “
Related articles
Melio Cofounder and CEO Matan Bar Added, “Joinedible Opportunity for the Melio Team to Further Our Mission to Reinvent The Way Businesses Pay Each Other. Having Worked by Our Shared Purpose to Scale in the US and Combine Xero’s Accounting Capabilities with Melio’s Accounts Payable and Receivable Solutions to Create Comprehensive Product Offerings for our collective, valued customer base. “
Published in Globes, Israel News in News – en.globes.co.il – On June 25, 2025.
© Copyright in Globes Publisher Itonut (1983) Ltd., 2025.
