monday.com vs Xero: Founders, CEOs and History
monday.com was founded in 2012 by Roy Mann, Eran Zinman and is led by Roy Mann, Eran Zinman. Xero was founded in 2006 by Rod Drury, Hamish Edwards and is led by Sukhinder Singh Cassidy.
Company facts
monday.com
- Founded
- 2012
- Headquarters
- Tel Aviv, Israel & New York, NY, United States
- Current CEO
- Roy Mann, Eran Zinman
- Employees
- 3,155
Xero
- Founded
- 2006
- Headquarters
- Wellington, New Zealand
- Current CEO
- Sukhinder Singh Cassidy
- Employees
- 4,400
Founders
monday.com
Roy Mann
Roy Mann co-founded monday.com (then daPulse) with Eran Zinman in 2012 and has served as co-CEO since. He led the company through its 2017 rebrand, its June 2021 NASDAQ IPO and growth to $1.232 billion in revenue in 2025.
Eran Zinman
Eran Zinman co-founded monday.com with Roy Mann in 2012 and shares the co-CEO role with him.
Xero
Rod Drury
Rod Drury is a New Zealand software entrepreneur who co-founded Xero in Wellington in 2006 and served as its chief executive until 2018. Before Xero he built software businesses including AfterMail, which he sold to Quest Software.
Hamish Edwards
Hamish Edwards co-founded Xero in 2006 alongside Rod Drury. Working as an accountant, he was deeply furious at how incredibly terrible, slow, and outdated legacy desktop accounting software was.
CEOs and their tenures
monday.com
- Roy Mann2012–present
Co-Founder & Co-Chief Executive Officer
As Co-Founder and Co-CEO, he transformed a deeply niche internal tool developed at Wix into an absolute massive, multi-billion dollar work operating system used globally.
Source - Eran Zinman2012–present
Co-Founder & Co-Chief Executive Officer
As Co-Founder and Co-CEO, he drives the massive technical roadmap, ensuring the platform remains highly aesthetic and incredibly intuitive despite adding massive enterprise complexity.
Source - Eliran Glazer2021–present
Chief Financial Officer
As CFO, he manages the massive global expansion strategy, aggressively moving the company 'upmarket' to secure highly lucrative, multi-million dollar enterprise contracts to justify the company's valuation.
Source
Xero
- Rod Drury2006–2018
Co-Founder & Former Chief Executive Officer (2006-2018)
As Co-Founder and legendary CEO, he was the absolute visionary who completely revolutionized the deeply boring accounting software industry by making the software beautiful, cloud-native, and highly integrated with banking APIs.
Source - Sukhinder Singh Cassidy2023–present
Chief Executive Officer
Under her leadership revenue grew from ~$812 million (NZ$1.40 billion) in FY23 to ~$1.59 billion (NZ$2.75 billion) in FY26, and Xero moved from a net loss to a net profit.
Source
Timeline: monday.com and Xero side by side
2006Xero
Rod Drury and Hamish Edwards found Xero in Wellington, New Zealand.
2007Xero
Xero lists on the NZX.
2010Xero
Peter Thiel Invests
Peter Thiel's Valar Ventures invested in Xero in 2010.
2012monday.com
Founded as 'daPulse' in Tel Aviv
Roy Mann and Eran Zinman launched the company to bring visual transparency to team work.
2012Xero
Xero lists on the ASX.
2014monday.com
daPulse Product Launch
The company launched its product, then called daPulse, in 2014.
2016monday.com
Series A Funding
daPulse raised $7.6 million in a Series A round in 2016.
2017monday.com
Historic Rebranding to 'monday.com'
Rebranded the company and pioneered the Work Operating System (Work OS) category.
2018Xero
Steve Vamos succeeds Rod Drury as CEO; Xero buys Hubdoc and delists from the NZX.
2019monday.com
Series D at $1.9 Billion Valuation
monday.com raised $150 million in July 2019 at a $1.9 billion valuation.
2020Xero
Waddle Acquired
Xero bought the invoice-lending platform Waddle in 2020.
2021monday.com
IPO on the NASDAQ (MNDY)
Listed on the NASDAQ, raising $574 million at a $6.8 billion market valuation.
2021Xero
Acquired Planday A/S
Xero acquired Planday A/S for $184 million.
2022monday.com
Launch of monday CRM & monday dev
Transformed into a multi-product SaaS suite with dedicated sales and developer tools.
2023monday.com
Launch of monday Service & WorkCanvas
Expanded into enterprise ITSM service desk and infinite digital whiteboarding.
2023Xero
Sukhinder Singh Cassidy becomes CEO.
2024monday.com
Surpasses $1.0B in Annual Recurring Revenue (ARR)
Crossed the $1 billion ARR milestone with positive net income and strong cash flows.
2025monday.com
Fiscal 2025 Revenue of $1.232 Billion
Revenue grew 27% with a 14% non-GAAP operating margin and 26% adjusted free cash flow margin.
2025Xero
Claire Bramley becomes CFO on 1 April; Xero completes the Melio acquisition on 15 October.
2026monday.com
Restructuring and Q2 2026 Results
Cut about 20% of staff in July; Q2 revenue rose 22% to $364.6 million as AI products made up 17% of net new ARR.
2026Xero
Matan Bar named CEO of Xero US; FY26 revenue reaches ~$1.59 billion (NZ$2.75 billion).
Acquisitions
monday.com
No verified acquisitions are listed.
Questions about monday.com vs Xero
Who is the CEO of monday.com and Xero?
monday.com is led by Roy Mann, Eran Zinman and Xero is led by Sukhinder Singh Cassidy. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was monday.com founded vs Xero?
Xero was founded in 2006 — 6 years before monday.com, which was founded in 2012. Xero's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger monday.com.
How many employees does monday.com have compared to Xero?
monday.com employs approximately 3,155 people, while Xero employs approximately 4,400. Xero has the larger workforce at 4,400 employees, compared to monday.com's 3,155. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are monday.com and Xero headquartered?
monday.com is headquartered in Israel and Xero is headquartered in New Zealand. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded monday.com and Xero?
monday.com was founded by Roy Mann, Eran Zinman. Xero was founded by Rod Drury, Hamish Edwards.
Which company has a longer operating history — monday.com or Xero?
Xero has been operating for approximately 20 years, making it the more established of the two companies. monday.com has been in operation for around 14 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the monday.com vs Xero overview