Xepelin raises $20M bridge round led by Nazca Ventures. * byAraceli Dominguez * January 6, 2026 * 1 minute read Chilean fintech Xepelin raised $20M in a bridge round led by Nazca Ventures. The financing values the company at about $400M, down more than 40% from its previous $720M valuation. Founded in Chile, Xepelin provides financing and financial services to small and medium-sized businesses across Latin America, with a strong focus on Mexico. The capital will support efforts to secure a Sofipo license, a regulatory approval that would allow Xepelin to scale in Mexico. Xepelin generates close to $100M in annual revenue and has worked with more than 70,000 companies since its founding. Read more on FinteChile * tags: * Chile * fintech * Nazca * Xepelin. Araceli is a marketer and has been a volunteer and organizer of Hackathons, Startup Weekends, and H/F Community. She's currently PR Manager at Magma Partners, where she helps startups to develop communication strategies in the United States and Latin America.

Chilean fintech Xepelin has raised approximately $20 million in a bridge round led by Mexican fund Nazca Ventures, though its valuation has fallen over 40% from $720 million to around $400 million. The funding aims to bring in local partners in Mexico and prepare for regional expansion. Founded by Sebastián Kreis and partners, Xepelin specialises in SME financing and currently generates around $100 million in annual revenue, having worked with over 70,000 companies. The valuation adjustment mirrors broader fintech market corrections, with Klarna down 85%, Stripe 50%, and Ramp 28%. Xepelin has previously raised $230 million in Series A and $111 million in Series B, plus significant debt facilities including $140 million from Goldman Sachs. The company is pursuing a Sofipo licence in Mexico to expand its financial services offering.