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Another Israeli Tech Exit: Xero Acquires Israeli Fintech Company Melio for $3 Billion

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New Zealand-based accounting platform Xero has announced its acquisition of Israeli fintech company Melio, marking one of the largest exits in Israel’s fintech sector to date.

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New Zealand-based accounting platform Xero has announced its acquisition of Israeli fintech company Melio, marking one of the largest exits in Israel’s fintech sector to date.

 

Founded in 2018, Melio offers a seamless B2B payments platform and has rapidly scaled in the U.S. market, reaching over $100 million in annual recurring revenue.

 

This acquisition is a strong signal of international confidence in Israeli innovation—even during challenging times—and highlights the strength and resilience of Israel’s tech ecosystem.

 

Read the full article on Globes »

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