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About Xepelin
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
N/A
Total Funding
$567M
Headquarters
Las Condes, Chile
Founded
2019
Overview
Xepelin provides financial technology solutions aimed at improving access to liquidity for businesses of all sizes. Their products help companies manage their finances more effectively by offering personalized and transparent financial management tools. Xepelin operates primarily in Chile and Mexico, positioning itself as a digital CFO for businesses in these regions. Unlike many competitors, Xepelin focuses on leveraging advanced technology to create agile solutions tailored to the specific needs of its clients. The company's goal is to democratize financial resources, making it easier for businesses to thrive.
Simplify's Take
What believers are saying
- Xepelin raised a record $111 million in Series B funding in 2022.
- The company secured a $140 million loan from Goldman Sachs for expansion in Mexico.
- Embedded finance and open banking trends support Xepelin's service enhancement.
What critics are saying
- Increased competition from fintech startups like Pako Wallet and n1co.
- Rapid expansion plans may strain Xepelin's operational capabilities.
- Reliance on large credit facilities poses financial risks if growth targets aren't met.
What makes Xepelin unique
- Xepelin offers real-time financial management for SMEs in Latin America.
- The company acts as a digital CFO, simplifying financial processes for businesses.
- Xepelin's platform integrates digital payments and capital access seamlessly.
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Funding
Total Funding
$567M
Above
Industry Average
Funded Over
5 Rounds
Battery VenturesGrowth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 4%2 year growth
↑ 0%Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Fintechs dominated headlines in the second half of November, with activity in Colombia, Brazil, Chile, Ecuador, El Salvador, Guatemala, and Panama. Here are the launches, partnerships, expansions, fundings and other news we saw over the last two weeks.LaunchesGuatemalan digital wallet Pako Wallet launched a prepaid card in Guatemala. The card is available both digitally and physically, and customers do not have to have a bank account to request the card. Read more on LatamFintech Hub.Salvadoran fintech n1co launched the app n1co Business in El Salvador, Honduras, and Guatemala.The app provides payment solutions like QR code payments, payment links, and sales insights. Read more on LatamFintech Hub.Ecuadorian payments startup Paymóvil launched an API that allows the integration of Paymóvil’s payment solution into third-party softwares like CRMs and POS terminals
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Fintechs dominated headlines in the second half of November, with activity in Colombia, Brazil, Chile, Ecuador, El Salvador, Guatemala, and Panama. Here are the launches, partnerships, expansions, fundings and other news we saw over the last two weeks.LaunchesGuatemalan digital wallet Pako Wallet launched a prepaid card in Guatemala. The card is available both digitally and physically, and customers do not have to have a bank account to request the card. Read more on LatamFintech Hub.Salvadoran fintech n1co launched the app n1co Business in El Salvador, Honduras, and Guatemala.The app provides payment solutions like QR code payments, payment links, and sales insights. Read more on LatamFintech Hub.Ecuadorian payments startup Paymóvil launched an API that allows the integration of Paymóvil’s payment solution into third-party softwares like CRMs and POS terminals
BuildLovers, a Spanish construction startup, raised a $600K round, led by $300K from Manutara Ventures. With the funds, BuildLovers will invest in product development and expand its operations to Chile.BuildLovers connects builders, architects, and financial entities to streamline the home-building process and make acquiring affordable housing faster and easier. The platform has sold over 20 homes and has over 75 projects in its pipeline.With the investment, BuildLovers plans to solidify its presence in Chile and eventually expand throughout Latin America and the United States.“In the short term, our main goal is to build a strong presence in Chile and use it as a starting point for our future expansion. In the long term, we aim to consolidate our position in Latin America and continue innovating in the industrialized and personalized home construction sector,” said José Manuel Martínez, CEO and co-founder of BuildLovers.Manutara Ventures operates in Silicon Valley and Miami and has invested in startups like Xepelin, ETpay, and OpenCasa
Xepelin, a Chilean fintech specializing in financial services for SMEs, made headlines in July 2021 by closing a Series A funding round of $230 million, the largest ever for a Chilean startup at this stage. This included $30 million in capital and $200 million in credit lines. A year later, they set another record with a $111 million Series B round, with investors like PayPal Ventures and Wellington. CEO Sebastián Kreis attributes their success to addressing a major financial issue for SMEs in Latin America.
With great success, Xepelin created Women in Tech.
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About Xepelin
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
N/A
Total Funding
$567M
Headquarters
Las Condes, Chile
Founded
2019
There are no jobs for Xepelin right now.
Find jobs on Simplify and start your career today