Why Xero Acquired This South African Startup
Description
What does it take to build a product that fits so well, it practically sells itself to users and acquirers alike?In this episode of The Founder Files, we sit down with Vangelis Kyriazis, CEO and co-founder of Syft, a financial reporting platform that was ultimately acquired by Xero.From side hustle beginnings to global acquisition, Vangelis shares how deep product understanding, team trust, and client-centric thinking helped Syft scale, and why staying simple was their greatest strength.We dive into:• Building a product that complemented Xero perfectly• Leading through uncertainty during acquisition• Creating internal systems that scale with your team• Managing client expectations with third-party partners• Staying focused by understanding your product deeplyThis episode is packed with real-world lessons on building, scaling, and selling a product without losing your edge or your people.---------- Unlock Your Scale-Ready Score: https://roadmap.metavolve.co/Book a curiosity call with Cameron: https://www.metavolve.co/curiosity-callThis episode is brought to you by Metavolve.Metavolve is a team of focused experts committed to helping entrepreneurs like you scale their businesses successfully. Reach out to our team to learn more: https://metavolve.co/---------- To support The Founder Files:🔔 Subscribe and turn post notifications on⭐ Leave a comment to let us know your thoughts💭 Share your thoughts on Linkedin and tag Cameron Coutts🔗 Connect with Vangelis:LinkedIn: https://www.linkedin.com/in/vangelis-kyriazis-55700098/?originalSubdomain=za🔗 Connect with Cameron:Instagram: https://www.instagram.com/thefounderfilespodcast/LinkedIn: https://www.linkedin.com/in/cameron-metavolve/----------00:00 Introduction04:35 Understanding Syft's business model & strategy06:29 Syft's market fit in accounting tech18:51 Mental clarity in the messy middle22:59 Time management for growth-stage founders26:50 Inside the Xero acquisition38:26 What made Syft the right fit?48:43 Behind the scenes of integration01:01:46 Founder remuneration post-acquisition01:07:29 Navigating the unexpected: Surprises in the acquisition journey01:12:53 Has the acquisition shifted your ambition?01:17:10 What’s next: The roadmap for integration01:25:22 Leading through uncertainty 01:32:02 What are you excited about for the rest of 2025?