Chile Based SMB Digital Bank Xepelin Raises $30M in Series A Funding Led By Kaszek

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Las Condes based fintech Xepelin has raised $30 million in Series A funding round led by Kaszek, the LatAm VC. The round also witnessed participation from MSA Capital, Amarena, Cathay Innovation, Gilgamesh Ventures and Picus Capital, along with existing investors FJ Labs and Kayyak Ventures, and a few angel investors. Xepelin has also availed credit facilities of $200 million from a host of Chilean, LatAm and US funds, bringing the total amount of funds raised by the startup to ~$233 million since inception.

Founded in 2019 by Nicolás De Camino and Sebastián Kreis, Chilean fintech Xepelin provides a range of financial services to SMBs including short-term and long-term loans, capital credits and accounts payable financing through its online platform.

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