Xero to acquire invoice lending platform Waddle for a total of AUD $80 million

Xero to acquire invoice lending platform Waddle for a total of AUD $80 million

SINGAPORE: Xero Limited has ​announced the acquisition of Waddle, a cloud-based lending platform that helps small businesses access capital through invoice financing. With an upfront cash payment of AUD $31 million and subsequent earnout payments based on product development and revenue milestones, of up to AUD $49 million, the total potential consideration for the purchase…