Xero Ltd

Technology company Xero (ASX: XRO) will acquire US payments processor Melio in a $3.9 billion deal that forms part of its US value proposition and global high-growth aspirations. Melio services small-to-medium-sized business (SMB) clients and their advisors by integrating accounting and payments functions into one platform, with easy-to-use accounts payable workflows and a wide choice […]

Private equity firm TPG Global has taken advantage of beleaguered funeral services company InvoCare’s (ASX: IVC) lacklustre FY2022 results, with a non-binding cash takeover offer valuing it at $12.64 per share. Under the non-binding indicative offer, which was made on Tuesday, TPG is proposing to give InvoCare shareholders $12.65 cash for each share held. This […]

The founder of one of the ASX’s most unusual tech companies is scathing about the business model of tech stocks with billion dollar-plus valuations, with the current climate redolent of the dot-com era. “I find it hard to understand why companies stampede into these businesses,” says David Dicker, founder, chief executive officer and chairman of […]

Accounting software giant Xero (ASX: XRO) has announced the acquisition of cloud-based invoice lending platform Waddle in a bid to grow its small business offering. Invoice financing is a form of short-term lending in which a business receives an advance of funds it has already invoiced to customers. It is considered a business loan with […]