Submissions open for inaugural Xero Beautiful Business Fund

Wellington — August 23, 2023 —Xero, the global small business platform, marked day one of Xerocon Sydney 2023 by opening applications for its inaugural Xero Beautiful Business Fund, designed to celebrate small businesses, empower success and help accelerate their growth. The initiative is now open for submissions with more than NZ$750,000 in funding available to support the future aspirations of small businesses globally.

The Xero Beautiful Business Fund is open to Xero small business customers in Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the US, and the UK and will recognize companies who are eager to take the next step in various aspects of their business.

There are low barriers to entry, and to apply, Xero small business customers will need to submit a 90-second pitch video and complete a brief written form for as many categories as they would like to enter:

• Innovating for sustainability: For small businesses who want to take the next step on their sustainability journey. For example, it could be to move to sustainable packaging, implement energy-efficient equipment or carbon neutral transport.
• Trailblazing with technology: For small businesses seeking to innovate. This could include digitalising parts of their operations or integrating new emerging technologies.
• Strengthening community connection: For small businesses or nonprofits who strive to give back to their communities. It could be to contribute to philanthropy, social good, or make an impact on the community in a meaningful way.
• Upskilling for the future: For small businesses seeking to support upskilling for themselves or their employees. This could include access to training and other professional development opportunities.

Each submission should be future-focused and detail how the funding would benefit the small business.

“Supporting and celebrating small businesses and their owners is at the core of Xero’s mission, and we’re energised by the opportunity to empower these companies and trailblazers with funding that can help them achieve the next level of success,” said Sukhinder Singh Cassidy, Xero CEO. “We already know that so many of our customers embody Xero’s values, and we’re pleased to be awarding funds to help our customers in an area like sustainability or upskilling, where they may not have had the cash to do so.”

A total of 28 regional winners, one from each region for each category, will be determined by regional judging panels before being put forward to the global judging panel to select the global winner for each of the four categories. The global judging panel for the inaugural Xero Beautiful Business Fund includes judges who represent accounting, small business and Xero’s global partners: Laurie McCabe, Co-Founder and Partner, SMB Group; Becca McClure, Director of Transformation, BDO Global; Jeanne Grosser, Global Head of Partnerships, Stripe; John Hummelstad, Locatrix CEO; Sukhinder Singh Cassidy, Xero CEO; and Nigel Piper, Xero Executive General Manager, Customer Experience.

For full submission criteria and details, please visit the website. Submissions will close on 6 October 2023. Winners will be announced later this year.

ENDS

Media Contact

Janna Wilkinson | Xero Communications | press@xero.com

About Xero

Xero is a global small business platform with 3.7 million subscribers which includes a core accounting solution, payroll, workforce management, expenses and projects. Xero also has an extensive ecosystem of connected apps and connections to banks and other financial institutions helping small businesses access a range of solutions from within Xero’s open platform to help them run their business and manage their finances. For four consecutive years (2020-2023) Xero was included in the Bloomberg Gender-Equality Index. In 2021 and 2022, Xero was included in the Dow Jones Sustainability Index (DJSI), powered by the S&P Global Corporate Sustainability Assessment. Xero is a FIFA Women’s Football partner.