{"id":941441,"date":"2025-06-26T07:37:53","date_gmt":"2025-06-26T02:07:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=941441"},"modified":"2025-06-26T07:50:03","modified_gmt":"2025-06-26T02:20:03","slug":"new-zealands-xero-to-buy-us-fintech-melio-for-2-5-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/26\/new-zealands-xero-to-buy-us-fintech-melio-for-2-5-billion\/","title":{"rendered":"New Zealand&#8217;s Xero to buy US fintech Melio for $2.5 billion"},"content":{"rendered":"<p>New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday, accelerating the Kiwi firm&#8217;s push in the U.S. market with one of the country&#8217;s biggest outbound deals.<\/p>\n<p>The deal fills a gap in Xero&#8217;s offer by adding payments to its accounting software while enabling both parties to scale up. Australia-listed, New Zealand-headquartered Xero dominates its home markets but has been trying to grow in the U.S. where it says it makes about 7% of sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday, accelerating the Kiwi firm&#8217;s push in the U.S. market with one of the country&#8217;s biggest outbound deals. The deal fills a gap in Xero&#8217;s offer by adding payments to its accounting software while enabling both parties to scale up. Australia-listed, New Zealand-headquartered Xero dominates its home markets but has been trying to grow in the U.S. where it says it makes about 7% of sales.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-941441","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/941441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=941441"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/941441\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=941441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=941441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=941441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}