Monday 12 July 2021 | No. 9
XU Biweekly The independent news source for Xero users, by Xero users
Need to make payroll profitable? WHITE LABELLED PAYROLL
www.payrollbee.co.uk • hello@payrollbee.co.uk
We’ve just raised $150m in Series C Funding to revolutionise business spending
By Jeppe Rindom
LAUNCHING XERO DAY By Steve Vamos
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ODAY, 6 JULY 2021, MARKS A SPECIAL DAY IN XERO’S JOURNEY. ON THIS DAY 15 YEARS AGO, OUR FOUNDER, ROD DRURY, REGISTERED XERO AS A COMPANY IN WELLINGTON, NEW ZEALAND. Fifteen years ago, Rod and the Xero foundation team took the first steps to bring the vision of accounting software in the cloud to life and scaling a purposeful, global Software as a Service (SaaS) business from New Zealand. From our beginnings at a kitchen table in a Wellington apartment, to offices in more than 20 cities around the world, it’s been quite a journey. A journey built on the support and belief of our bookkeepers, accountants, the broader Xero partner community, and our people. I’m proud to share that several of the Xero team from those early days are still with us – Craig Walker, Fletch Brown, Larissa Paris, and Catherine Walker (OG) are all celebrating their 15 year anniversaries this year. They have been joined by many more and today, we have over 3,500 people working to bring Xero to millions more small businesses and their advisors around the world.
Introducing Xero Day In recognition of it being 15 years since Xero was registered as a company, we’re launching Xero Day. Xero Day will be an annual calendar event when we celebrate and acknowledge the people, customers, partners and communities who have played an important role in our success. I sat down with Rod to talk about our plans for Xero Day
and key moments in Xero’s journey so far.
Supporting our communities Our purpose is to help improve the lives of people in small businesses, their advisors and communities all around the world. For us, this includes contributing to impactful community causes, so we are kicking off our inaugural Xero Day with a NZ $15,000 donation to each of the eight charities we supported through the 2020-21 Xero Community Appeal. These charities are; Médecins Sans Frontières (Doctors without Borders) globally; Beyond Blue in Australia; Women’s Refuge in New Zealand; Save the Children in Asia; Advancement Project in the United States; Black Business Professional Association in Canada; Samaritans in the UK...
First and foremost, we’ll be taking this investment as an opportunity to scale our company. Over the last six years, we’ve grown Pleo from an acorn of an idea to a workforce of over 300 people based all around the world — without the team, there’s no Pleo. We’re on a mission to transform business spending and make everyone feel valued at work. If that floats your boat, check out our Careers page and apply for any of the 30+ roles we have open today.
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WHITE LABELLED PAYROLL
www.payrollbee.co.uk hello@payrollbee.co.uk
P3
Monday 12 July 2021
9 772054 723006
With this new investment and our company valuation of $1.7 billion (we're one of those unicorns you keep hearing about), we’ve never been more excited to see what the future holds for Pleo and what we’ll be creating with this investment, but more on that later… First, let’s take a trip down memory lane. Since launching in 2015, we’ve come a long way. From opening up offices across five other markets in Europe to winning local, national and global awards to growing the Pleo team to 330+
What will we be doing with this investment?
Find out more
Time is valuable, let’s give you some of it back! ISSN 2054-7234
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ES, YOU READ THAT CORRECTLY: $150 MILLION — THE LARGEST SERIES C RAISED FOR ANY DANISH-FOUNDED COMPANY EVER.
people to launching features such as Reimbursements and Bills — it’s tiring just writing it out.
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