Xelix, the fast-scaling UK-based startup co-founded by Paul Roiter, has just raised a massive $160 million Series B round, with backing from top-tier investors including Insight Partners, Passion Capital, and LocalGlobe. With this fresh capital, Xelix is doubling down on its mission to modernize finance operations with AI-powered intelligence, taking aim at the archaic world of accounts payable (AP), fraud prevention, and spend analytics.

Let’s get it straight: AP is broken. Finance teams across enterprises are drowning in manual reviews, legacy ERPs, mismatched invoices, and fraudulent payments slipping through the cracks. While most finance tools are just automation wrappers, Xelix is building something much more powerful - a proactive AI layer that acts as the financial brain behind enterprise spend.

---

From Back Office to Command Center

Xelix is not your average spend tool. It sits on top of existing ERP systems like SAP, Oracle, and NetSuite, transforming finance ops from reactive and manual to intelligent and predictive. Their platform includes:

• Automated error and fraud detection using advanced pattern recognition
  
• Spend insights and forecasting for CFO-level decision-making
  
• AI-powered AP anomaly scanning - flagging duplicate payments, vendor manipulation, and suspicious invoices
  
• Dynamic dashboards with procurement and AP KPIs that are actually readable
  
• Full plug-and-play integrations with major ERP and procurement systems
  

In essence, Xelix turns an often-overlooked operational black hole into a source of truth and strategic value.

---

Why This Round Matters

This Series B raise is a big statement - not just about what Xelix is doing now, but where enterprise fintech is heading. Insight Partners’ backing signals confidence that Xelix isn’t just solving finance workflows - it’s redefining the intelligence layer of enterprise resource planning (ERP).

And with companies tightening budgets, cracking down on procurement waste, and facing growing cyber fraud risks, CFOs are desperate for more than spreadsheets and clunky dashboards. They need visibility, control, and AI they can trust.

---

The Hidden Lesson for Founders: Sell to the Pain, Not the Person

Let’s zoom in for a sec - this is where Xelix’s real genius lies.
Most founders chasing enterprise contracts pitch the benefits to the user. But Xelix sells directly to the pain of the department. That’s a different game.

Finance teams aren’t looking for features - they're looking for risk mitigation, time savings, and zero embarrassment at the board meeting. By designing its product to solve specific, high-stakes AP and procurement problems, Xelix made itself impossible to ignore.

This is a strategic unlock for B2B founders:
Build for the department’s worst-day scenario, and become their default safety net.
That’s how you win enterprise deals and make your product non-negotiable in the budget.

---

Paul Roiter and the Xelix DNA

CEO Paul Roiter has been quietly building a team of engineers, data scientists, and ex-finance pros that know the space cold. No fluff, no jargon - just relentless product depth and customer empathy. Roiter’s product-led mindset is reportedly obsessed with clean UX, explainable AI, and auditability - all things finance leaders obsess over.

And it’s working. Xelix has already landed major clients across sectors like retail, banking, and manufacturing, with rave reviews around fast deployment, zero disruption, and immediate ROI.

---

Industry Outlook: The Rise of Intelligent Finance Infrastructure

The timing of this raise couldn’t be better. According to Gartner, 65% of enterprise finance functions will operate with AI-enabled decision-making tools by 2026, up from just 20% in 2022. Meanwhile, the global market for AP automation alone is expected to hit $5.1B by 2028 (Allied Market Research), and fraud-related losses in AP are projected to exceed $42 billion annually worldwide.

That means the pressure is on for finance teams to:

• Prove ROI on every dollar
  
• Automate what’s repetitive
  
• Catch fraud before it happens
  
• And provide real-time spend intelligence to executives
  

Xelix checks all four boxes - at enterprise scale.

---

What’s Next for Xelix?

With this $160M war chest, Xelix is expected to:

• Expand its product suite into AR (accounts receivable) and supplier risk scoring
  
• Grow its engineering team to scale platform infrastructure
  
• Enter the US market more aggressively, where demand for ERP-enhancing AI is skyrocketing
  
• Double down on compliance, auditability, and regulatory trust features - especially for public companies
  

They’re not just becoming a better AP tool - they’re building the AI control tower for enterprise finance.

---

Final Take: Xelix Isn’t Chasing Hype - It’s Building What CFOs Will Depend On

While the startup world floods with AI co-pilots and GenAI sidekicks, Xelix is quietly doing something more powerful: making finance systems smarter, safer, and stronger.

With Paul Roiter at the helm and $160M to scale deep into the ERP stack, Xelix is now positioned as one of the most important infrastructure companies in enterprise fintech.

They’re not reinventing finance.
They’re just finally giving it a brain.