Xepelin rises to $111m series B

May 3, 2022 • Fernando Moncada Rivera

The small business fintech platform received backing from PayPal to expand across Latin America.

Payment processing service PayPal took part in a $111m series B round for Xepelin, a Chile-based payment and financial services platform for small businesses, on Monday to boost its presence across Latin America.

Avenir Growth Capital and Kaszek co-led what Xepelin is describing as the largest series B round in Chilean startup history, while PayPal invested through its corporate venturing unit PayPal Ventures.

DST Global, Wellington, Battery Ventures, Endeavor Catalyst, MSA Novo, Picus Capital, FJ Labs, Gilgamesh Ventures, Seaya Cathay…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.

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