Online accounting." This strategy involves the execution of scaling internationally in three major markets of the UK, the US and Australia. The Cash Flow Statement shows that Xero raised capital funds during the 2012 year through private offerings which raised over $20 million and created a Share Purchase Plan which provided over $15 million in capital. This Share Purchase Plan (SPP) allowed major NZ shareholders to invest further in Xero. This confirms that Xero's shareholders have faith in the.
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