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KASZEK and Avenir Growth Lead USD111m Series B for Chilean Fintech Xepelin

2 May 2022
Xepelin

KASZEK and Avenir Growth led a USD111m Series B for Xepelin, a Chilean payments and lending platform for SMEs, with participation from PayPal Ventures, Endeavor Catalyst, DST Global, Wellington, Picus, Battery Ventures, MSA Novo, FJ Labs, Amarena, Gunderson, Cathay-Seaya Latam, Gilgamesh, and angel Carlos Garcia (Kavak). Xepelin secured USD80m in debt from Community Investment Management in January and USD200m in credit facilities in 2021; KASZEK led a USD30m round last August.

(TechCrunch) – Fintech companies and other entities have moved the needle for consumer payments in Latin America, particularly during the global pandemic, prompting consumers to be more comfortable with digital payments.

Chile-based Xepelin aims to do the same with business-to-business payments via a SaaS payments infrastructure that includes financial information in real time, embedded financial services and data models, all to be a company’s “digital CFO” of sorts.

The company raised $230 million in an equity and debt Series A round last year, led by Kaszek, and since then expanded into Mexico, growing its client roster over five times to 15,000, growing Mexico revenue by 60 times and launching its new Xepelin Payments product 90 days ago that enables users to organize and automate payments to suppliers, with and without financing.

Read more at TechCrunch.

KASZEK and Avenir Growth Lead USD111m Series B for Chilean Fintech Xepelin was last modified: May 9th, 2022 by cramos
Avenir GrowthChileFintechKaszeKVenture CapitalXepelin
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