Xero to Acquire South African SaaS Startup Syft for $70 Million
Xero, a leading global provider of accounting software, has announced plans to acquire Syft, a South African cloud-based reporting and analytics platform, for $70 million. The deal is set to finalise between October and December 2024, pending regulatory approvals. Founded in 2016 by Matt Stephanou and Vangelis Kyriazis, Syft provides AI-driven financial reporting tools to […]