Xero

Xero

Cloud-based accounting software for small businesses

About Xero

Simplify's Rating
Why Xero is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Fintech

Company Size

5,001-10,000

Company Stage

IPO

Total Funding

N/A

Headquarters

Wellington, New Zealand

Founded

2006

Overview

Xero provides cloud-based accounting software tailored for small businesses in various industries. The platform offers tools for financial management, invoicing, payroll, and reporting, making it easier for users to handle their finances without needing deep accounting knowledge. Xero operates on a subscription model, with different pricing tiers based on features and user numbers. It generates revenue through these subscriptions and partnerships with other business applications available in the Xero App Store. A key feature of Xero is its ability to integrate seamlessly with numerous third-party applications, enhancing its functionality. Additionally, Xero supports developers in creating new integrations, expanding its ecosystem. The company emphasizes user support, offering 24/7 assistance through Xero Central. Xero's goal is to simplify financial management for small businesses, providing them with reliable and efficient tools.

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Simplify's Take

What believers are saying

  • Xero's integration with AI-driven tools offers deeper insights into financial data.
  • The rise of remote work boosts demand for Xero's cloud-based collaboration tools.
  • Xero's potential to integrate ESG reporting features meets growing sustainability demands.

What critics are saying

  • Increased competition from specialized solutions like FloQast may impact Xero's market share.
  • Changes in invoicing systems could lead to customer dissatisfaction and disruption.
  • Rising costs for SMEs might reduce their spending on Xero's software subscriptions.

What makes Xero unique

  • Xero offers seamless integration with numerous third-party applications, enhancing its functionality.
  • The platform provides 24/7 online support through Xero Central, ensuring constant user assistance.
  • Xero's subscription-based model aligns with industry trends, offering flexible pricing tiers.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Sick Leave

Mental Health Support

401(k) Company Match

Parental Leave

Flexible Work Hours

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Reseller News
Feb 24th, 2025
Xero develops pilot mentorship program with Take2

Xero is working with charity-based technology training program provider Take2 to develop a pilot mentorship programme that can be rolled out to other organisations.

Financial Post
Feb 17th, 2025
FloQast Enhances Financial Efficiency Across APAC with Xero Integration

SYDNEY, Feb. 17, 2025 (GLOBE NEWSWIRE) - FloQast, an Accounting Transformation Platform created by accountants for accountants, today announced a direct integration with Xero, the global small business platform, for customers in the Australia-Pacific (APAC) region.

Newshub
Jan 27th, 2025
SMEs face cashflow crunch amid rising costs

Earlypay also integrates with platforms like Xero and MYOB, streamlining access to funds for SMEs.

CanadianSME
Jan 14th, 2025
Xero reveals new tagline: 'Your business supercharged'

Xero partnered with brand consultancy, Interbrand, leveraging their network across London, New York and Sydney to build a truly global positioning.

4Spot Consulting
Dec 16th, 2024
Integrate Quaderno with Xero: A Comprehensive Guide

Why integrate Quaderno with Xero?

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