Xelix, a London, UK-based enterprise SaaS company that provides intelligent automation solutions to the CFO office, announced that it completed $5 million in Series A funding.
The round was led by FINTOP Capital, with participation from our existing investors Passion Capital and LocalGlobe.
This funding will allow Xelix to execute on its ambitious product roadmap and further scale its go-to-market teams The capital raised paves the way for continued innovation in its product offering.
Round: Series A
Funding Month: June 2022
Lead Investors: FINTOP Capital
Additional Investors: Passion Capital and LocalGlobe
Company Website: https://xelix.com/
Software Category: Accounts Payable solution
About the Company: Xelix is an enterprise SaaS company that provides intelligent automation solutions to the CFO office. The company platform acts as an intelligence layer sitting alongside our customers' ERP system(s) - using machine learning and automation to transform manual and inefficient finance processes. Xelix real-time solutions include proactive overpayment & fraud detection, master data management, automated supplier statement reconciliation, and predictive analytics. The Xelix platform is web/cloud-based, flexible, and extremely customizable. Xelix 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.