Betting big on CFOs rushing to adopt new technology to transform their financial operations, London-based SaaS company Xelix has raised $5 million to boost intelligent automation solutions. The Series A investment was led by Fintop Capital, with participation from existing investors Passion Capital and Localglobe.
The startup’s accounts payable (AP) solution enables companies to automate manual and time-consuming processes, whilst delivering huge savings to the bottom line. Its key features include the prevention of incorrect payments and fraud, and automation of key AP processes enhancing team productivity.
Paul Roiter, co-founder and CEO at Xelix said: “Outside of basic invoice processing, the opportunity for ML-driven automation and process improvement within AP and the wider CFO office is huge. This fundraise will allow us to execute our ambitious product roadmap and further scale our go-to-market teams.”