Technology
Sponsored by
chorus

How big is Xero's addressable market?

Jenny Ruth
Mon, 30 May 2022

How big is Xero's addressable market?
Xero CEO Steve Vamos remains cagey about the firm's progress in Canada. (Image: Xero)
Jenny Ruth
Mon, 30 May 2022
If you just looked at the number of Xero subscribers in New Zealand and married them with the Ministry of Business, Innovation and Employment (MBIE) estimates of the number of small businesses in NZ, you might think the cloud accounting software company had pretty well saturated the market.Xero reported 512,000 NZ subscribers at March 31, compared with MBIE's estimate of about 530,000 small businesses.But Xero subscribers are not all small businesses.Xero's chief executive, Steve Vamos, told BusinessDesk that the numbers include propert...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
More work on Onslow gets green light from ministers
Ian Llewellyn | Thu, 07 Jul 2022

Cabinet gives green light to more Onslow pumped hydro project, narrows down alternative options on solving the dry year problem.

Finance
Homebuyers: the bank is still watching your spending
Frances Cook | Thu, 07 Jul 2022

The sillier parts of the CCCFA are gone, but banks still need to make sure you can afford a loan, so they’re going to go through your income and expenses. 

Law & Regulation
Lego, Zuru to head to trial over use of trademark
Ben Moore | Thu, 07 Jul 2022

The two toy titans have clashed over Zuru’s use of the Lego trademark on statements of compatibility on its packaging.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges