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Xero logo — Powerful enough for your accountant, simple enough for you.

Xero

Powerful enough for your accountant, simple enough for you.

Founded 2006 New Zealand New Zealand 6143 employees IPO Total: $1.74B Finance, Financial Services +2

General Information

Company Name Xero
Founded Year 2006
Location New Zealand New Zealand
Employees 6143
Industries Finance, Financial Services, Fintech +1
Funding Stage IPO
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Tiered Pricing, Freemium
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Pricing Changed Oct 07, 2026

Xero removed the introductory offer that 'New customers get 90% off for the first 6 months'.

Get alerts when Xero shows new signals

About Xero

Xero, founded in 2006 and headquartered in New Zealand, has established itself as a prominent player in the Finance, Financial Services, Fintech, and SaaS sectors. With a deeply engaging slogan, "Powerful enough for your accountant, simple enough for you," Xero effectively caters to small and medium-sized businesses, evidenced by its trust from over 4.4M+ users globally.

A standout feature of Xero is its reputation as a beloved SMB accounting platform, which demonstrates its user-friendliness and robust functionality. The company recently secured a significant $129.50M in Post IPO Equity investment on 01 July 2025, reflecting investor confidence in its growth trajectory and market resilience.

For investors, Xero represents a solid opportunity within the fintech landscape. Its capacity to blend comprehensive accounting solutions with straightforward usability gives it a competitive edge, potentially leading to substantial returns on investment.

Business keywords: Accounting Software, Online Accounting, Small Business Solutions, Cash Flow Management, Invoicing Solutions, Payment Tracking, Financial Reporting, Payroll Management, Subscription Services, Bookkeeping Tools, Business Platform, Financial Technology

Services & Products

Accounting Software
AI Finance Partner (JAX)
Payment Processing
Payroll Services
Expense Tracking
Project Management

Target Customers

Small Businesses Sole Traders Accountants Bookkeepers Construction and Trades Professionals Retail Business Owners Non-profit Organizations Self-employed Individuals

Funding Rounds & Investors (13)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Equity $129.50M -
01 Jul 2025
Post IPO Convertible $925.00M -
01 Jun 2024
Post-IPO Equity NZD6.00M 4
Icehouse Ventures Possible Ventures NZVC
Icehouse Ventures, Possible Ventures +2
01 Jun 2023
Post IPO Convertible $300.00M -
01 Sep 2018
Post-IPO Equity $26.40M 1
TCV
TCV
01 Apr 2017
Post-IPO Equity Undisclosed 1
TCV
TCV
01 Aug 2016
Post-IPO Equity $110.80M 2
Matrix Capital Management
Matrix Capital Management, Accel
01 Feb 2015
Post-IPO Equity $150.00M 2
Valar Ventures Matrix Capital Management
Valar Ventures, Matrix Capital Management
01 Oct 2013
Post-IPO Equity $49.00M 3
Valar Ventures Matrix Capital Management Thiel Capital
Valar Ventures, Matrix Capital Management +1
01 Nov 2012
Post-IPO Equity $16.60M 5
Founders Fund Valar Ventures Thiel Capital
Founders Fund, Valar Ventures +3
01 Feb 2012

View All 13 Funding Rounds

Latest News

View All
DualEntry emerges from stealth with $90M to modernise ERP with AI — Techfundingnews.com
DualEntry emerges from stealth with $90M to modernise ERP with AI
Techfundingnews.com Oct 03, 2025
Best business bank account in the Netherlands — Expatica.com
Best business bank account in the Netherlands
Expatica.com Sep 29, 2025
GoCardless Australia readies for open banking and instant direct debits — Fintechfutures.com
GoCardless Australia readies for open banking and instant direct debits
Fintechfutures.com Mar 26, 2025
GoCardless eyes profitability after cutting fifth of workforce — Businesscloud.co.uk
GoCardless eyes profitability after cutting fifth of workforce
Businesscloud.co.uk Feb 03, 2025
Power up your business: 10 admin and accounting tools that will help you streamline your operations — Eu-startups
Power up your business: 10 admin and accounting tools that will help you streamline your operations
Eu-startups Oct 01, 2024
GoCardless Signs Agreement to Acquire Nuapay — Businesswire.com
GoCardless Signs Agreement to Acquire Nuapay
Businesswire.com Mar 15, 2024

Xero Alternatives & Competitors

Xero vs
Intuit Accountants
Intuit Accountants United States

Helping accounting and tax pros save time, grow their practice and serve their clients as trusted ad...

Series A
209 employees
Data Analytics, Financial Services
Xero vs
Paraşüt
Paraşüt Turkey

İşini bilen patronlar, hesabını Paraşüt ile tutar.

Acquired
88 employees
Enterprise Software, Financial Services
Compare Xero vs Paraşüt
Xero vs
FreeAgent
FreeAgent United Kingdom

💙 Loved by over 200,000 people 🙌 Built by a friendly bunch 🏆 World class SaaS

Series C
389 employees
Financial Services, Fintech
Also compare with: Xero vs freee.k.k. freee.k.k.

FAQ About Xero

Powerful enough for your accountant, simple enough for you.
Xero was founded in 2006.
Xero is headquartered in New Zealand.
Xero operates in Finance, Financial Services, Fintech and SaaS. Its work centres on Accounting Software, Online Accounting, Small Business Solutions and Cash Flow Management. Its customers include Small Businesses, Sole Traders and Accountants.
Xero has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Tiered Pricing and Freemium.
Xero has approximately 6143 employees.
Xero has completed 13 funding rounds, raising a total of $1.74B. The latest funding stage is IPO.
Xero offers: Accounting Software, AI Finance Partner (JAX), Payment Processing, Payroll Services, Expense Tracking, Project Management.
Top alternatives and competitors to Xero include Intuit Accountants, Paraşüt, FreeAgent, FreshBooks, Countingup. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Xero and Intuit Accountants are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Xero, https://bouncewatch.com/company/xero, updated 24 July 2026. When citing, please name BounceWatch and link this page.

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