<ul data-eligibleForWebStory="true"><li>New Zealand's Xero has agreed to acquire US fintech Melio for $2.5 billion, marking one of the country's biggest outbound deals.</li><li>The acquisition fills a gap in Xero's offerings by integrating payment solutions into its accounting software, boosting growth in the U.S. market.</li><li>Xero anticipates doubling its 2025 financial sales by 2028 through this strategic buyout.</li><li>The deal aims to combine Xero's accounting capabilities with Melio's accounts payable and receivable solutions for enhanced services in the U.S.</li><li>Xero CEO Sukhinder Singh Cassidy highlighted the potential to assist millions of U.S. small-to-medium businesses in managing cash flow and accounting on a unified platform.</li><li>Shares of Xero were temporarily suspended as the company sought A$1.85 billion from institutional investors to fund the acquisition.</li><li>Analysts offered a cautious endorsement of the deal, acknowledging the benefits of expanding U.S. exposure with a leading payments player but also highlighting the complexities and future challenges.</li></ul>

New Zealand's Xero to buy US fintech Melio for $2.5 billion

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