Xero

b2b fintech

FOUNDING YEAR: 2006
LOCATION: New Zealand
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Xero connects you to all things business.Xero provides a beautiful and easy-to-use cloud-based accounting software service for small businesses and their advisors around the world. Xero connects more than two million subscribers with an ecosystem of over 800 third-party apps and 200 plus connections to banks and financial service providers. The IDC MarketScape recognised Xero as a Leader in the Worldwide SaaS and Cloud-Enabled Small Business Finance and Accounting Applications 2020 Vendor Assessment. On the 2020 Financial Times High-Growth Companies Asia Pacific list, Xero was the largest company by revenue to come from New Zealand or Australia. Xero has also been included in the 2020 Bloomberg Gender-Equality Index.

MEDICI Analysis

Xero went Public on Nov 8, 2012 with the ticker XRO. Xero provides accounting solutions for SMBs. It includes a full accrual accounting system with a cashbook, automated daily bank feeds, invoicing, debtors, creditors, sales tax and reporting.

Focus

PRODUCTS & SERVICES

Cloud accounting software for accounting professionals and small businesses to check cashflow in real-time with online accounting, invoicing, billing & banking.

MAIN CLIENTS

Crush & Lovely

Gelato Messina

Video Conferencing Gear

Lexercise

Community Education Partnerships

Owner

Fonda

Amazon Seller

Shoreditch Grind

Guidekick

Integrity Design + Build

Taylor Stitch

company provided insights

Traction

ACTIVE USERS COMMENT:

The company claims that it has around one million subscribers on its software-as-a-service platform (Apr 2017).

People

FOUNDERS

Philip Fierlinger

Craig Walker

Rod Drury

Hamish Edwards

Gary Turner

BOARD MEMBERS AND ADVISORS

Andrew McCormack

Chris Liddell

Phil Norman

Graham Smith

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Accel

Advanced Technology Ventures

Catalyst Health Ventures

Craig Winkler

Founders Fund

Matrix Capital Management

Matrix Partners

Morgenthaler Ventures

NZVIF

Peter Thiel

Prism Venture Management

Sam Morgan

Sparkbox

TCV

Valar Ventures

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Sep 2018

LISTED

NO

COMMENT

Cumulative post IPO: $381.4 M(Apr 2017)

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp