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About Xero
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.
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
Founders Fund
AccelBenefits
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
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -2%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.
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.
Earlypay also integrates with platforms like Xero and MYOB, streamlining access to funds for SMEs.
Xero partnered with brand consultancy, Interbrand, leveraging their network across London, New York and Sydney to build a truly global positioning.
Why integrate Quaderno with Xero?
Xero is Hiring for 39 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Xero
Industries
Enterprise Software
Fintech
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
N/A
Headquarters
Wellington, New Zealand
Founded
2006
Xero is Hiring for 39 Jobs on Simplify!
Find jobs on Simplify and start your career today