Xepelin, a Latin American B2B payments and financial services platform, recently raised $111 million in a Series B round including participation from PayPal Ventures. The new funds will be utilized to boost growth by scaling B2B payments and hiring more people, as well as fuel expansion into other Latin American nations. By scaling payment infrastructure and creating a regional platform for smaller firms, Xepelin has been very focused on B2B digitization. The company’s objective is to be B2B’s “Digital CFO.” To that aim, it has begun to use its platform to help SMBs with B2B payments and working capital needs. Xepelin secured $30 million in equity and $200 million in credit facilities last year, with the goal of creating a market where there are little if any barriers to entry for financing small and midsize businesses (SMBs).
PayPal Ventures Invests in LATAM SMB Platform Xepelin
