Xero

Xero is an online cloud-based accounting software that functions as an as-a-Service (aaS) model. This means that the Xero business model revolves around ...

Its innovative platform, strong free cash flows and host of successful acquisitions suggest that the brand is certainly one to look out for in the coming years. - Acquisition of Hubdoc - Acquisition of Paycycle Users are charged a subscription fee in exchange for access to their cloud-computing software and services. - Platform The basic package is priced at $22, while the Growing and Established packages cost $34 and $65 respectively. Xero is a publicly traded company listed as XRO on the Australians Securities Exchange. The company is [currently valued at about $6.78 billion](https://companiesmarketcap.com/xero/marketcap/) and has over 4,700 employees. While there was initial resistance to this idea, Xero quickly grew to own a significant share of the local market. This means that the Xero business model revolves around helping small and medium-sized enterprises (SMEs) manage their finances through a wide range of services aimed at analyzing, integrating, and supporting their various financial processes. Leveraging on this, they attempted to build a unique accounting system that did not draw inspiration from existing competitors. The company currently known as Xero was founded in 2006 by New Zealand tech entrepreneur Rod Drury and his accountant Hamish Edwards under the name Accounting 2.0.