About
Xelix is an AI-powered Accounts Payable audit and fraud prevention platform. Raised $160M Series B (July 2025) led by Insight Partners with Passion Capital and LocalGlobe. Processes 115M+ invoices annually, audits $750B+ spend for 130+ customers including AstraZeneca, GSK, BAT, Virgin Atlantic. AI reviews 500+ data points per invoice. Pioneer in AP controls since 2018. London-based.
Key Facts
- [1]Funding: Total funding: $168M. Last round: Jul 2025. Stage: Early Stage.
- [2]Employees: Employee count: 51-200.
- [3]Website: Official website: xelix.com.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: EMEA (United Kingdom).
Founders
Hugo Sherlock-Willis
Co-founder & CEO
James Leeming
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Xelix?
Xelix is an AI-powered Accounts Payable audit and fraud prevention platform. Raised $160M Series B (July 2025) led by Insight Partners with Passion Capital and LocalGlobe. Processes 115M+ invoices annually, audits $750B+ spend for 130+ customers including AstraZeneca, GSK, BAT, Virgin Atlantic. AI reviews 500+ data points per invoice. Pioneer in AP controls since 2018. London-based. Xelix is classified in the Risk & Compliance segment at the Automation layer of the financial AI stack.
Who founded Xelix?
Xelix was founded by Hugo Sherlock-Willis (Co-founder & CEO) and James Leeming (Co-founder & CTO).
How much funding has Xelix raised?
Xelix has raised $168M in total funding, placing the company at the Early Stage stage. The most recent round closed in Jul 2025. Among 74 funded Risk & Compliance companies, Xelix ranks #24 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Xelix use?
Xelix primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Risk & Compliance segment, 42 companies use this technology.
What market segment does Xelix operate in?
Xelix operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is Xelix headquartered?
Xelix is headquartered in London, United Kingdom. The company operates in the EMEA region. The team consists of 51-200 employees. United Kingdom is home to 33 financial AI companies tracked by AIFI Map.
Who are Xelix's competitors?
Companies similar to Xelix in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Xelix offer?
Xelix builds automation-layer solutions for the financial services industry. The company's core offering: AI agents for fraud/overpayment prevention. The platform is powered by Predictive ML technology.