3 years ago

Xelix Raises $5M in Series A Funding

  • Xelix, a London, UK-based accounts payable solution provider, has secured a $5m Series A funding round led by Fintop Capital with participation from existing investors Passion Capital and Localglobe

  • The funding will be used to bring new products to market and for team expansion to accelerate growth.

      • ProblemFinancial Services

      "Xelix is trying to automate manual and time-consuming Accounts Payable processes to prevent incorrect payments and fraud, while enhancing team productivity."

      Solution

      "Xelix offers an Accounts Payable Control Centre using machine learning to audit high-risk transactions, automate statement reconciliation, and provide a self-service business intelligence tool for insights from payables data."

      Covered on