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Xero makes $4b play to break into lucrative US market

Tess Bennett

Xero chief executive Sukhinder Singh Cassidy says her $3.9 billion bet on American accounting and invoicing platform Melio Payments will help the ASX-listed software giant break into the US after a decade of unsuccessful attempts at expanding into the lucrative market.

The $US2.5 billion acquisition is Singh Cassidy’s first major deal since she became chief executive of the local accounting software giant in February 2023, promising to transform Xero into a global software giant.

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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com

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    Original URL: https://www.afr.com/technology/xero-makes-4b-play-to-break-into-lucrative-international-markets-20250625-p5ma2c