Xero’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Xero is a cloud-based platform that offers accounting, bookkeeping, invoicing and payroll processing solutions for retail and hospitality sectors. Read more

7,695 Followers on Owler
7,695 Followers on Owler
7,695 Followers on Owler
7,695 Followers on Owler

Xero is a cloud-based platform that offers accounting, bookkeeping, invoicing and payroll processing solutions for retail and hospitality sectors. Read more

Steve Vamos's photo - CEO of Xero

CEO

Steve Vamos

CEO Approval Rating

74/100

Founded:

2006

Status:

PublicIndependent CompanyAustralian Securities ExchangeXRO

TOP COMPETITORS OR ALTERNATIVES

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FreshBooks is a top competitor of Xero. FreshBooks was founded in Toronto, Ontario} in 2003. FreshBooks competes in the Internet Software industry. Compared to Xero, FreshBooks generates $366.9M less revenue.

Intuit is Xero's #2 competitor. Intuit is headquartered in Mountain View, California, and was founded in 1983. Intuit operates in the Systems Software industry. Intuit generates 1,782% the revenue of Xero.

Wave has been one of Xero's top competitors. Wave is a Private company that was founded in 2010 in Toronto, Ontario. Wave operates in the Internet Software industry. Compared to Xero, Wave has 2,935 fewer employees.

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Quarterly and Annual Revenue

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Annual Revenue

$431.9M

Xero's revenue is the ranked 12th among it's top 10 competitors. The top 10 competitors average 4B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Waddle Loans Pty Ltd.

Aug 2020

Source »
$22.2M
Waddle is an invoice lending platform that allows small and medium-sized enterprises to manage and control their cash flow.
Instafile Ltd.

Nov 2018

Source »
$6.8M
Instafile is a cloud-based platform that offers accounts preparation and tax filing solutions for businesses.
Hubdoc, Inc.

Jul 2018

Source »
$70M
Hubdoc is a developer and provider of document collection and management software for businesses.
Monchilla

Nov 2014

Source »
$9M
Monchilla develops payroll and account management software.

-

-

Jul 2012

Source »
$800K
-

These are all the companies that Xero has acquired. Xero has acquired 6 companies and its latest acquisition was Waddle Loans Pty Ltd. in Aug 2020. Waddle is an invoice lending platform that allows small and medium-sized enterprises to manage and control their cash flow.

Xero Funding History

$11M$24.6M$27.6M$93.2M$243.2M$354M$1B

Since Xero was founded in 2006, it has participated in 8 rounds of funding. In total Xero has raised $1.0B. Xero's last funding round was on Feb 2019 for a total of $681.4M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Feb 2019
$681.4M

Technology Crossover Ventures

Equity
Feb 2015
$110.8M
Equity
Oct 2013
$150M
Debt
Nov 2012
$49M
Secondary Offering
Feb 2012
$16.6M
-

Since Xero was founded in 2006, it has participated in 8 rounds of funding. In total Xero has raised $1.0B. Xero's last funding round was on Feb 2019 for a total of $681.4M

Investments

No recent investments found related to Xero

These are all the companies that Xero has invested in. Xero has invested 6 companies and its latest investment was Waddle Loans Pty Ltd. in Aug 2020. Waddle is an invoice lending platform that allows small and medium-sized enterprises to manage and control their cash flow.

Xero News

November 12, 2020Stuff - New Zealand

Xero enjoys spell as New Zealand's most valuable firm

Company briefly overtook Fisher & Paykel Healthcare with $19b valuation after half-year result.... See more »
November 11, 2020MarketScreener

Xero's Net Profit Jumps as Customer Growth Continues in Pandemic -- Update

(marketscreener.com) By Stuart Condie SYDNEY--Xero Ltd.'s first-half net profit increased sharply as ... See more »
November 11, 2020ZDNet

Xero kicks off FY21 by banking NZ$34.5 million in profit and lifting revenue by 21%

Australia also became Xero's first market to see subscriber numbers pass the one million mark during ... See more »
November 11, 2020Stuff - New Zealand

Xero overtakes Fisher & Paykel Healthcare to become NZ's most valuable firm

Anyone who invested $7500 in Xero's 2007 'IPO', and hung on, would be a millionaire.... See more »
November 11, 2020Stuff - New Zealand

Xero posts first multimillion-dollar half year profit

Anyone who invested $7705 in Xero's 2007 'IPO' would now be a millionaire.... See more »
November 11, 2020MarketScreener

Net Profit, Subscriber Base Rise in 1st Half

(marketscreener.com) By Stuart Condie SYDNEY--Xero Ltd.'s first-half net profit increased sharply as ... See more »
November 6, 2020PYMNTS

Xero Bolsters Expense Tool With Machine Learning

Global small business platform Xero will further its integration with Hubdoc through a boost in machi... See more »

Xero Blogs

November 23, 2020Xero Blog

Stronger and smarter: Putting local first

The posts in this series have been drawn from Xero's Stronger and smarter: a small business handbook.... See more »
November 20, 2020Xero Blog

One in a million: Andrew Cox of The Hope Factory

To celebrate reaching the milestone of having one million subscribers across Australia, the Xero team... See more »
November 19, 2020Xero Blog

Transforming your side hustle to the real deal

This is a guest post from True North Accounting, a Xero Gold Partner.As Creative Director at a market... See more »
November 18, 2020Xero Blog

One in a million: Cecile Boulter of Xero

To celebrate reaching the milestone of supporting one million subscribers across Australia - the Xero... See more »
November 17, 2020Xero Blog

One in a million: Guy Pearson of Practice Ignition

To celebrate reaching the milestone of supporting one million subscribers across Australia - the Xero... See more »
November 17, 2020Xero Blog

One in a million: Aris Allegos of Moula

To celebrate reaching the milestone of having one million subscribers across Australia, the Xero team... See more »
November 16, 2020Xero Blog

Stay ahead of upcoming changes to UK VAT submissions

It’s been a difficult year for many small businesses in the UK. They have had to contend with challe... See more »

Xero Press Releases

February 11, 2020PRWeb

Osome achieves platinum partner status with Xero

Cloud accounting helps Osome become one of the 4 Singapore providers boasting Platinum status with Xe... See more »
January 22, 2020PR Newswire

SaaSOptics Announces Subscription Management Platform for Xero Customers

ATLANTA, Jan. 22, 2020 /PRNewswire/ -- SaaSOptics, the only subscription management platform designed... See more »
January 16, 2020MyPressportal

What does the future of technology look like for South Africa's SMEs?

By Colin Timmis, General Country Manager, Xero SA and professional accountant Over the past decade, t... See more »
December 10, 2019GlobeNewswire

Xero strengthens investment in Canada with Toronto office opening

New office has capacity for over 200 employees with future plans to grow and develop in the regionNew... See more »
November 21, 2019centralcharts

Xero unveils new cloud technologies in AI and machine learning

Xero unveils new cloud technologies in AI and machine learning Innovations announced at Xero Roadshow... See more »
September 1, 2019PRLeap

Xero recognizes Accountingprose at Platinum Champion Partner

First recognized as Xero Bronze partner in 2014, Accountingprose recognized as one of the fastest gro... See more »

Xero Videos

Social Media

Headquarters

19-23 Taranaki Street

Te Aro, Wellington Region6011

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Summary

ABOUT

Overview

Xero Limited (NZE: XRO) is an online accounting software service for small and medium businesses. It includes a full accrual accounting system with a cashbook, automated daily bank feeds, invoicing, debtors, creditors, sales tax and reporting. It feat...

CEO

Xero's CEO, Steve Vamos, currently has an approval rating of 74%. Xero's primary competitors are FreshBooks, Intuit & Wave.

Website

xero.com

Frequently Asked Questions about Xero

  1. When was Xero founded?

    Xero was founded in 2006
  2. Who is Xero's CEO?

    Xero's CEO is Steve Vamos
  3. How much revenue does Xero generate?

    Xero generates $431.9M in revenue
  4. How much funding does Xero have?

    Xero has historically raised $1B in funding
  1. Where is Xero's headquarters?

    Xero's headquarters is in Te Aro Wellington Region, NZ
  2. How many employees does Xero have?

    Xero has 3,200 employees
  3. What sector does Xero operate in?

    Xero is in Application Software, E-commerce, Hospitality
  4. Who are Xero's competitors?

    Xero's top competitors are FreshBooks, Intuit, Wave