What is Xelix?
Founded in 2018, Xelix provides an AI-powered platform designed to revolutionize the Accounts Payable function. The software acts as a sophisticated layer atop existing ERP and finance systems, enabling automated supplier statement reconciliations, fraud detection, and streamlined helpdesk operations. By automating these labor-intensive processes, Xelix empowers finance teams to reduce manual errors, unlock significant cost savings, and maintain rigorous financial controls. Its market position is defined by its ability to deliver high-value insights that protect the bottom line of global enterprises, effectively transforming the AP department from a cost center into a strategic asset.
How much funding has Xelix raised?
Xelix has raised a total of $165M across 2 funding rounds:
Series A
$5M
Series B
$160M
Series A (2022): $5M with participation from FINTOP Capital, Passion Capital, and LocalGlobe
Series B (2025): $160M led by LocalGlobe, Passion Capital, and Insight Partners
Key Investors in Xelix
Passion Capital
Passion Capital is a partnership of entrepreneurs and operators dedicated to supporting outstanding European founders in building technology companies, particularly in the fields of AI, FinTech, and Risk.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth software and technology companies, providing capital and hands-on operational support to help businesses scale.
FINTOP Capital
FINTOP is a venture capital firm specializing in fintech, founded by experienced entrepreneurs and operators who leverage a strong network of strategic limited partners to support B2B fintech growth.
What's next for Xelix?
With the successful closure of this major enterprise-level funding, Xelix is well-positioned to accelerate its product roadmap and expand its footprint in the global FinTech landscape. The strategic capital will likely be deployed to enhance the platform's machine learning capabilities, allowing for more predictive analytics and deeper integration with emerging enterprise software ecosystems. As the company scales, the focus will remain on maintaining its competitive edge in the audit and controls space, potentially exploring new markets or vertical-specific solutions that leverage its core reconciliation engine. The backing from high-profile investors provides not only the necessary liquidity for expansion but also the operational expertise required to navigate the complexities of scaling a high-growth software enterprise.
See full Xelix company page
