CEO, Xero
Stories naming Steve Vamos. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Commonwealth Bank's venture arm is buying invoice lender Waddle from Xero for an undisclosed sum, undoing Xero's 2020 purchase, to boost the bank's working-capital offering.
Xero has named Sukhinder Singh Cassidy as its next chief executive from February 2023, succeeding the retiring Steve Vamos; her background spans Google, StubHub, Boardlist and Joyus.
Daily roundup covering Xero's acquisition of workforce platform Planday, Volocopter's Series D air-taxi raise, DigitalX's institutional placement, Q-CTRL joining a lunar mission consortium, and a cannabis NFT stunt.
Also SmartCompany
Xero is buying Sydney invoice-lending startup Waddle in a deal worth up to $80 million, combining $31 million upfront with earnouts; the article also recalls Waddle's $50 million debt facility and Series A.