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 +10
Employees 6143
Industries Finance, Financial Services, Fintech +1
Funding Stage IPO
Social

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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.

Taxonomy: 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 •••••• - 01 Jul 2025
Post Ipo Convertible •••••• - 01 Jun 2024
Post Ipo Equity •••••• 4
Investor Investor Investor
•••• ••••
01 Jun 2023
Post Ipo Convertible •••••• - 01 Sep 2018
Post Ipo Equity •••••• 1
Investor
01 Apr 2017

View All 13 Funding Rounds

Xero Alternatives & Competitors

View All Alternatives
Xero vs

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Xero vs

Big enough to know business. Small enough to know you.

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Xero vs
SPARK Services
SPARK Services United States

Big Enough to Help,Small Enough to Care!

24 employees
Information Technology, Internet

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 the following industries: Finance, Financial Services, Fintech, SaaS.
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 Business Council of Australia, First Independent Bank, SPARK Services, AstraZeneca, Melbourne Water. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Xero and Business Council of Australia 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.

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