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Xero’s $2.5B Bet on Melio to Double US Revenue by FY28

7:50am on Wednesday 25th of June, 2025 AEST Technology
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Xero’s $2.5B Bet on Melio to Double US Revenue by FY28

7:50am on Wednesday 25th of June, 2025 AEST
Key Points
  • Acquisition values Melio at ~13.4x March 2025 annualised revenue
  • Fully underwritten A$1.85 billion institutional placement to fund deal
  • Pro forma FY25 combined business triples ARPU in North America
  • Expected FY28 synergies – US$70 million revenue, US$20 million cost savings
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