Small business platform Xero has joined forces with financial data network Plaid. This partnership is aimed at ultimately tripling the number of high-quality bank feeds available to customers in the U.S., the companies said in a news release Wednesday (July 16). “For the many small businesses that form the backbone...
New Zealand-based small business platform Xero is set to acquire Melio for $2.5 billion. The deal, announced Tuesday (June 24) evening, gives Xero access to Melio’s service, a small and medium-sized business (SMB) bill pay platform linking accounting and payments. “Adding Melio’s world-class team, technology...
Debit turns into credit as buy now pay later business models continue to evolve. As the new year dawned, PYMNTS Intelligence detailed that debit was the payment of choice for everyday spending for items such as groceries. Bank earnings indicated that card spend, though slowing, was...
Earnings season is not yet in full swing for the FinTech IPO Index, which gained 2.5% through the week. SoFi was the earnings-related standout, with shares up 1.6%. As PYMNTS reported in its coverage of the earnings results, the company added 800,000 new members and...
May 02, 2025
Earnings season is not yet in full swing for the FinTech IPO Index, which gained 2.5% through the week. SoFi was the earnings-related standout, with shares up 1.6%. As PYMNTS reported in its coverage of the earnings results, the company added 800,000 new members and 1.2 million new products, representing 34% and 35% year-on-year growth, […]
March 11, 2024
The Fed held sway this past week as the guessing game about when — or whether — the central bank will cut rates continued. Fed officials seemed to indicate that...
January 10, 2022
Manual invoices continue to be a pain point for many businesses. They tend to be costly, inefficient and prone to human error, and the pandemic has only exacerbated many of...
March 23, 2026
Xero says U.S. small businesses can now manage and pay bills directly through its platform. The new offering stems from Xero’s purchase of Melio last year and integration of its bill payments technology into its platform, the company said in a Monday (March 23) new release. It also makes Xero the only major U.S. small business accounting platform that […]
July 16, 2025
Small business platform Xero has joined forces with financial data network Plaid. This partnership is aimed at ultimately tripling the number of high-quality bank feeds available to customers in the U.S., the companies...
June 25, 2025
New Zealand-based small business platform Xero is set to acquire Melio for $2.5 billion. The deal, announced Tuesday (June 24) evening, gives Xero access to Melio’s service, a small and...
March 10, 2025
Accounting technology company Digits has debuted its artificial intelligence (AI)-driven autonomous general ledger (AGL). The new offering, unveiled Monday (March 10) after five years of development, is designed to automatically...