When Xero announced its $2.5 billion acquisition of Melio, the fintech world took notice. Melio isn't the biggest player in U.S. SMB payments—its 80,000 customers and $30 billion in annual bill-pay volume are dwarfed by Bill.com's $338 billion run-rate—but its strengths run deep, and that's exactly why Xero pounced. What makes Melio a unique asset for Xero? Let's take a closer look.
The Numbers Behind the Deal
