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.