Xero’s Melio ‘leap of faith’

Xero’s Melio ‘leap of faith’
Cracking the US market is Xero’s biggest challenge. (Image: Getty)
Pattrick Smellie
They say in journalism that there’s no such thing as a stupid question.Asking Xero’s chief executive, Sukhinder Singh Cassidy, why the company was paying the thick end of $4 billion for a company with just 80,000 users, turned out to be a good example.“We’re not paying for customers,” she responded crisply. “We’re paying for a super-job with critical value to our US offering that allows us to scale,” she said, referring to the company’s 3x3 strategy: to combine three “jobs&rd...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025