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AP automation startup Xelix scores $160M Series B

Axios Pro Exclusive ContentXelix raises $160M to automate accounts payableIllustration: Brendan Lynch/AxiosXelix, a software company specializing in accounts payable controls, has raised $160 million in Series B funding led by Insight Partners.Why it matters: Enterprises lose millions annually to invoice errors, fraud, and inefficient manual processes.How it works: Xelix connects with an enterprise's ERP system and embeds AI-driven automation directly into their AP workflows.Its Transactions mod...

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