<ul data-eligibleForWebStory="true"><li>New Zealand accounting software provider Xero Ltd. plans to acquire Israeli fintech company Melio Solutions Inc. for $2.5 billion in a cash and equity deal.</li><li>Melio provides a digital payment platform for small and medium-sized businesses, offering multiple payment options, including ACH bank transfers and credit card payments, to help optimize cash flow and improve vendor relationships.</li><li>The integration of Melio's platform with Xero's accounting software aims to unite accounting and payments in one platform for customers, accelerating Xero's global aspirations.</li><li>Melio had raised $638 million over six rounds before the acquisition and the deal is seen as a significant move to help millions of U.S. SMBs better manage cash flow and accounting on one platform.</li></ul>

Xero acquires Israeli fintech company Melio for $2.5B to expand US payments capabilities

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