Xero, a publicly owned company headquartered in New Zealand, was founded in 2006 and employs approximately 5,700 individuals. The company specializes in software development, providing cloud-based accounting software for small and medium-sized businesses.
On March 20, 2026, iFAST Global Bank launched its Multi-Currency Business Account, which integrates Xero accounting software. This new offering specifically targets professional services firms such as solicitors, accountants, and property managers, designed to address their complex cash management and financial tracking needs. Previously, on March 19, 2026, Xero co-founder Sir Rod Drury received the 2026 Kiwibank New Zealander of the Year award, acknowledged for his recent efforts in advocating for the expansion of renewable power and electrified transport.
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