Xepelin, a Chile-based B2B fintech that offers SME financial services platform, raised $111 million in a Series B led by the Kaszek and Avenir funds.

Other investors in the round include PayPal Ventures, Wellington, DST Global Partners, Battery Ventures, MSA Novo, Endeavor Catalyst, FJ Labs, Picus, Amarena, Gunderson, Carlos García Otatti, Cathay-Seaya Latam, and Gilgamesh, among others.

The Series B funding will go towards consolidating the company’s position in Mexico, hiring new employees in the country, and expanding into new markets in the region.

Company: Xepelin Holdings, Inc.

Raised: $111.0M

Round: Series B

Funding Month: May 2022

Lead Investors: Kaszek and Avenir funds

Additional Investors: PayPal Ventures, Wellington, DST Global Partners, Battery Ventures, MSA Novo, Endeavor Catalyst, FJ Labs, Picus, Amarena, Gunderson, Carlos García Otatti, Cathay-Seaya Latam, and Gilgamesh

Company Website: https://xepelin.com/

Software Category: SME financial services platform

About the Company: Founded in 2019, Xepelin is a fintech company that offers a SaaS platform for small and medium-sized businesses in Latin America that can organize their financial information in real-time. It seeks to simplify access to capital for its clients by creating a Simple, Fast, and Safe experience. The company currently operates in Mexico and Chile and has more than 450 employees spread throughout Latin America.  

Source: https://www.fintechfutures.com/2022/05/latam-sme-financial-services-platform-xepelin-raises-111m-series-b/