Login
Book your demo

Xelix completes Series A investment round, raising $5M

Xelix completes Series A investment round, raising $5M

We are excited to announce that Xelix has successfully completed the Series A funding round, raising $5M. The investment was led by FINTOP Capital, with participation from our existing investors Passion Capital and LocalGlobe.

We are proud to support our amazing customers, such as Wilko, Euro Car Parts and McBride, in automating manual and time-consuming processes, whilst delivering huge savings to their bottom line. The capital raised paves the way for continued innovation in our product offering.

“Outside of basic invoice processing, the opportunity for ML-driven automation and process improvement within AP and the wider CFO office is huge,” said Paul Roiter, Xelix CEO & Co-Founder. “We’re excited to be working with investors that value our efficient growth and the massive market potential for our solutions. This fundraiser will allow us to execute on our ambitious product roadmap and further scale our go-to-market teams”.

“Xelix is already working with some of the largest global companies, with crystal clear use cases and impressive ROI,” said John Philpott, General Partner at FINTOP Capital. “The opportunity in this space is enormous and we are excited to partner with Paul, Phil and the team to build a world-class company.”

Our product suite currently consists of three modules that re-design core Accounts Payable processes. These include Xelix Protect – a Machine-Learning payment audit to identify high-risk transactions prior to the pay run, Xelix Supplier Statement Reconciliation  an automated workflow to ensure accounting accuracy and compliance, and Xelix Insight – a self-service business intelligence tool enabling rapid insights from payables data.

We are hiring across the company and have lots of open roles. Check out our openings here.

To find out if your company could benefit from using Xelix’s AI-powered platform, book a demo with us today to see how much time and cost you can save.


For press enquiries, please contact samantha.tanner@xelix.com.

Content that may catch your eye

The Worst Invoice Fraud Cases in 2019/2020

The Worst Invoice Fraud Cases in 2019/2020

In 2019, UK Finance issued data that indicated 26% of large businesses have fallen victim to invoice fraud, despite 84% not fully ...
Read more - The Worst Invoice Fraud Cases in 2019/2020
We’re carbon neutral and are working towards further carbon reduction goals

We’re carbon neutral and are working towards further carbon reduction goals

In the face of growing environmental concerns, we are stepping up our efforts to combat climate change. At Xelix, we believe in taking ...
Read more - We’re carbon neutral and are working towards further carbon reduction goals
The future of finance – the best ERP bolt-ons

The future of finance – the best ERP bolt-ons

ERP (Enterprise Resource Planning) systems tend to be ‘Jacks of all trades, masters of none.’ Sure, they do the fundamentals well, but ...
Read more - The future of finance – the best ERP bolt-ons