Melio developed an advanced digital platform enabling a range of payment solutions for businesses in the U.S; acquired by Xero, a New Zealand tech company *** Israeli fintech unicorn Melio was purchased by Xero, a New Zealand tech company that is traded in the Australian stock market, for upwards of 2.5 billion dollars. As first published by Ynet’s sister publication Calcalist, the sale is structured as a mix of cash and equity. Melio employees will also receive an additional $500 million in performance-based and time-based payouts over three years. “Joining Xero is an incredible opportunity for the Melio team to further our mission to reinvent the way businesses pay each other,” CEO Matan Bar said in a statement. “We’re excited by our shared purpose to scale in the US and combine Xero’s accounting capabilities with Melio’s payments solutions.” meliopayments via ynetnews #Fintech #Unicorn #IsraeliStartup #Startup #Xero #Melio #payouts #Calcalist #DigitalPlatform #Innovation #Inve...