Xelix secures £4.2m Series A funding led by Fintop Capital to expand its product range and team.
Fintop Capital led the Series A round with backing from Passion Capital and Localglobe.
Xelix is an enterprise software company that provides an accounts payable control centre for corporate finance teams. The platform uses machine learning to automate manual tasks, prevent fraud, and audit payments.
Xelix has secured £4.2m in a Series A funding round led by Fintop Capital, with participation from existing backers Passion Capital and Localglobe. The company plans to allocate the capital towards product development and hiring to drive further expansion.
Operating as an accounts payable control centre, the London based firm helps large organisations automate manual finance workflows and prevent payment errors using machine learning. Its software integrates directly with existing enterprise resource planning systems to deliver unified visibility over accounts payable data.
From the founder
"Outside of basic invoice processing, the opportunity for ML-driven automation and process improvement within AP and the wider CFO office is huge."
Paul Roiter
Co-founder and CEO at Xelix
Investor perspective
"Xelix is already working with some of the largest global companies, with crystal clear use cases and impressive ROI"
John Philpott
General Partner, Fintop Capital
Use of funds
- 01Continue product development
- 02Grow the team
