Xero to pay up to A$80m for factoring company Waddle

Xero to pay up to A$80m for factoring company Waddle
Jenny Ruth
Xero is buying invoice financing business Waddle for up to A$80 million, depending on revenue and product development milestones. The upfront payment for Waddle, which was founded in Sydney in 2014, is A$31 million and Xero said the cloud-based lending business aligns with its strategy of growing a small business platform and addresses critical small business finance needs. "Waddle's best-in-class cloud-lending platform, combined with small businesses' invoice data, will enable the delivery of tailored invoice financing solutions," Xero s...

More Services

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025
Aussie fund manager Shaws buys Devon Funds
Finance

Aussie fund manager Shaws buys Devon Funds

The deal is the latest tie-up between Australian and NZ funds managers.

Staff reporters 24 Jun 2025
Buy NZ Made's new service trademark sets high bar
Services

Buy NZ Made's new service trademark sets high bar

One certified business says it sets it apart from multinational competitors.

John Anthony 23 Jun 2025
Reel pain: Strikes hit NZ cinemas, profits dive
Services

Reel pain: Strikes hit NZ cinemas, profits dive

Cinema chains in NZ face box office suspense.

Victoria Young 28 May 2025