Xero is Acquiring Melio: What QuickBooks Users Need to Know

On June 24, 2025, Melio announced it would be acquired by Xero in a transaction valued at:

• $2.5 billion USD in cash, plus

• Up to $500 million USD in performance-based earn-outs

• Expected closing: Second half of 2025, pending regulatory approvals

What is Xero?

Xero is a cloud-based accounting platform widely used by small businesses and accountants. While it has strong international roots, Xero has been expanding aggressively in the U.S. market in recent years.

What Is Melio?

Melio is a business-to-business (B2B) payments platform designed for small businesses. It allows users to:

• Pay vendors via ACH or credit card

• Schedule and approve bills

• Receive customer payments

Melio integrates with:

• QuickBooks Online (QBO)

• QuickBooks Desktop (QBD)

• Xero

For many small businesses, Melio acts as the bill pay engine behind their accounting software.

Will Melio Still Work with QuickBooks?

Yes.

Melio has confirmed that it will continue to support its integrations with QuickBooks Online and Desktop. Xero also stated that Melio will continue operating as an independent brand, under existing leadership.

There are no announced changes to Melio's support for QuickBooks users.

Do QuickBooks Users Need to Do Anything?

No.

There are no announced changes to:

• Your Melio account

• How it connects to QuickBooks

• Pricing or functionality

Your current workflow continues uninterrupted.

Final Notes

This is a major deal in the small business fintech space, but for now, there is no impact on how Melio works with QuickBooks.

If Xero or Melio announces any changes that could affect your setup, we'll do our best to keep you updated with clear, relevant information.

If you'd like to review your current payables workflow or explore automation options, we're here to help.