Today Xero in Australia reached another huge milestone. We have achieved over 200,000 paying small business customers.
It was just over a year ago, on 26th February 2014, that we announced that Xero AU had achieved 100,000 paying customers. So it is incredible to see that in just over 12 months we have again doubled our number of paying customers in this market.
Xero’s early commitment to a pure cloud offering that is both simple and beautifully designed is unique. This has generated incredibly strong advocacy in a market where innovation had been lacking for many years. We have always been committed to keeping innovation and simplicity at the forefront of everything we do. We proved that once again with our multi-pronged feature release last week. We have already delivered over 150 new updates to customers so far in 2015.
We are also heavily indebted to the support of our loyal accounting and bookkeeping partners in Australia. These partners are working with us to help change the accounting industry for the better. They help over 2 million small business owners be more efficient and profitable by reducing their administrative burden.
I also want to acknowledge our more than 400 innovative Add-On partners. They have built wonderful cloud software that integrates seamlessly with Xero. You guys have brought game-changing innovation to the SME sector. Not only that, you have also helped incubate a multi-million dollar cloud industry in Australia.
I can’t think of a better time in our journey and want to thank the many people who have helped us achieve this significant milestone.