Xero today announced that it has recently surpassed the one million subscriber mark on its global accounting platform, doubling subscriber numbers in less than two years. We’ve been closely following the growth of Xero over the past five years and knew it was only a matter of time before they hit the magic million mark, becoming the first cloud accounting platform to achieve this milestone.
When you consider they had only 50,000 subscribers just five years ago the growth rate has been phenomenal – in April 2015 they had 475,000 subscribers and in March 2016 that had increased to 717,000. Xero has added almost 300,000 subscribers in the past year alone.
As a Xero customer, Xero Approved Developers and developers of the fmAccounting Link (Xero Edition) add-on we’re extremely pleased to see the rapid growth of Xero around the world. We’re getting more enquiries each month from the North American market and it appears Xero is starting to gain some attention and market share in that tough market.
Here’s some other numbers about Xero that demonstrate the size of the size of the Xero ecosystem globally:
- in the last 12 months Xero has processed more than $1.2 trillion of global economic activity
- the Xero API receives more than 10 million calls per day
- there are over 35,000 developers in the Xero ecosystem
- there are over 100,000 business advisors – accountants and bookkeepers – empowering small businesses as they join the cloud accounting revolution
Every day our fmAccounting Link customers around the world are uploading Contacts, Invoices, Payments, Purchase Orders, Bills and more from their FileMaker solutions to their Xero accounting software, removing the burden of double data entry and saving them tens of hours each week in manual processing. If you have any questions about integrating Xero with your existing FileMaker solution please get in touch or visit the fmAccounting Link (Xero Edition) page for more details.