ASX-listed accounting platform Xero has more than doubled its net loss on the previous year to the chagrin of investors who wiped more than $1 billion from the company’s valuation following the announcement and news that CEO Steve Vamos is stepping down after nearly five years at the helm. The New Zealand tech company’s half… Read more »
ASX-listed accounting fintech Xero has opened new Australian headquarters in the inner-Melbourne suburb of Hawthorn. The 7000 square metres site, spanning four levels, brings together Xero’s Melbourne team under one roof for the first time after a decade. The office features breakout spaces (with hearing assistance solutions), webinar suites and an indoor garden – a… Read more »
ASX-listed business accounting platform Xero is taking on Google and Apple at their own game, launching an app store selling Xero-connected apps. The Xero App Store lets small businesses, accountants and bookkeepers purchase apps to help run their companies, and went live last week. Xero app partners in Australia, United Kingdom and New Zealand now… Read more »
Xero’s Australia and Asia managing director, Trent Innes, has called time on his eight-years leading the ASX-listed venture. The cloud-based accounting platform’s executive GM of global sales, Joseph Lyons, will step up to the MD role to start the new financial year on July 1. Innes will remain in the business until September to oversee… Read more »
We tend to over-complicate leadership; just look at the number of books on the topic (I should know, I’ve read most of them). But when suddenly faced with the prospect of leading a business during a pandemic, I quickly discovered that there’s no playbook. Instead of over-thinking each step, I’ve focused my attention only on… Read more »
As we head into the budget, many of the nation’s more than 2.3 million small businesses will be watching for measures to aid the recovery of this key sector of the economy. A recent Xero survey found 17% of small business owners believed the sector should be the central focus of the budget, and nearly… Read more »
When founder Rod Drury listed his cloud-based accounting platform Xero with an IPO on the New Zealand stock exchange in 2007, raising NZ$15 million, the company was less than a year old, had no sales and less than 100 customers. It had a market capitalisation of NZ$55 million. Analysts at the time joked that Xero… Read more »
Accounting software giant Xero Ltd is moving into lending to small business through invoice financing, announcing plans to acquire Sydney startup Waddle for up to $80 million. Xero (ASX: XRO) said the acquisition of the cloud-based lending platform aligns with its strategy to grow the small business platform and to address critical small business financial needs. “Waddle’s… Read more »
A new index featuring ASX-listed companies in the fast-growing technology sector launches on the Australian stock exchange on Monday. The S&P/ASX All Technology Index (All Tech Index), a partnership between the ASX and S&P Dow Jones Indices using the S&PDJI methodology, will go live on February 24, with an Australian version of the US… Read more »
Accountancy software venture Xero has integrated accounts payable functions on its platform with Australia’s largest business bank in move the company is calling a game-changer. Australian businesses using Xero that have NAB internet banking will be able to instruct multiple bill payments at a time through Xero and approve their bill payments anytime, anywhere, directly… Read more »
It’s Friday and major stuff’s happening. Like. 1. Airbnb will audit houses after Vice exposed a massive scam After 11 years in business, a US$35 valuation and hopes for an IPO, the normally aloof house sharing platform Airbnb is actually going to take more than a casual glance at what’s going on with the… Read more »
Accounting platform Xero has revealed its keynote speakers for Xerocon Brisbane 2019, the largest accounting industry conference in Australasia. The event, at the Brisbane Convention and Exhibition Centre, September 4-5 is expected to attract more than 3,500 accountants, BAS agents, bookkeepers and financial professionals. This year’s Xerocon theme of ‘Communities of Purpose’. Keynote speakers are:… Read more »
Trent Innes is a hero at Xero. An accountant with more than 20 years of experience, he first joined the cloud-based accounting platform’s Melbourne HQ in 2013 as National Sales Director, then in January 2016, became Xero Australia & Asia Managing Director, just a decade after its genesis on an apartment dining room table in Wellington, New… Read more »
The days are long, the work is difficult, and the 25% of small business owners who can’t afford to pay themselves a wage in their first year, are probably just scraping by.
Diversity is being invited to the party, inclusion is being asked to dance, and for Xero’s Bindy Edelman inclusion means an environment where people feel respected, understood, and celebrated for their differences.