Business
Xero buys Aussie start-up to get into small business financing – The Australian Financial Review
Xero is set to pay up to $80 million for its seventh acquisition, Waddle, which gives its small business customers access to invoice financing.
Mr Vamos was hopeful that by acquiring Waddle, more of its small business customers would be able to access loans linked to their invoices, rather than having to secure loans against their family homes or take out high-interest credit cards.
“We have about $850 billion of invoices processed through Xero, so if businesses can connect through Xero and Waddle to lenders, it opens up another way to access capital,” he said.
Waddle has been a part of Xero’s app ecosystem since 2016 and is its seven…
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