What is Xelix?
Founded in 2018, Xelix has established itself as a critical player in the accounts payable audit and controls market. The company provides an AI-powered platform that integrates seamlessly with existing ERP and finance systems to identify payment discrepancies, mitigate fraud, and automate complex supplier statement reconciliations. By streamlining AP Helpdesk operations, Xelix enables finance departments to transition from manual, error-prone workflows to automated, data-driven decision-making. This technological shift not only reduces operational risk but also unlocks substantial cost savings, positioning Xelix as an essential partner for large-scale enterprises seeking to optimize their financial health and operational efficiency.
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 Passion Capital, FINTOP Capital, and LocalGlobe
Series B (2025): $160M led by Passion Capital, Insight Partners, and LocalGlobe
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.
LocalGlobe
LocalGlobe is a venture capital firm focused on early-stage investments, known for backing transformative technology companies and supporting founders through their growth journey.
What's next for Xelix?
With this latest capital injection, Xelix is well-positioned to accelerate its product roadmap and expand its footprint in the global enterprise software market. The company is expected to focus on deepening its AI capabilities to further automate complex financial workflows and enhance its predictive analytics suite. As the demand for robust, automated financial controls grows, Xelix will likely prioritize scaling its go-to-market strategy to capture a larger share of the enterprise finance sector. By maintaining its focus on high-impact, scalable solutions, the firm is poised to solidify its leadership in the fintech ecosystem, driving long-term value for its global client base and stakeholders alike.
See full Xelix company page
