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News

Xero acquires Tickstar, an e-invoicing business

Friday 26 March 2021 12:03 CET | News

Xero has acquired Tickstar, an e-invoicing business that will allow the accounting software provider to connect to e-invoicing networks globally and host access points without relying on TPPs.

Xero customers in Australia and New Zealand will be able to send and receive e-invoices by April 2021.

The full purchase of the Sweden-based Tickstar is set to cost Xero up to USD 22.88 million, compromising an upfront payment of USD 10.06 million, 50% in cash and 50% in shares in Xero.


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Keywords: acquisition, e-invoicing, TPP
Categories: Banking & Fintech
Companies:
Countries: Australia, New Zealand
This article is part of category

Banking & Fintech

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