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- Xepelin
Xepelin Revenue, Valuation, Funding & Investors
Xepelin is valued at $400M as of January 2026, a 4.0x revenue multiple. Xepelin revenue was $100M, as disclosed with its latest round.
Last Xepelin valuation
$400M
Undisclosed stage · Jan 2026
Last Xepelin funding round
$20M
Undisclosed stage · Jan 2026
Xepelin revenue
$100M
Undisclosed stage · Jan 2026
Key investors in Xepelin
FJ Labs
Amarena
DST Global
Picus Capital
Kaszek
Seaya
About Xepelin
Xepelin is a Chilean financial technology company that provides financing and financial management tools to small and medium-sized businesses in Latin America, mainly in Chile and Mexico. It was founded in 2019 by Nicolas de Camino and Sebastian Kreis. Its platform is a free software tool that organises a company's cash flow, sales and tax information, alongside invoice financing, short-term working-capital loans and B2B payments for suppliers. The company has worked with more than 70,000 businesses since its founding and generates close to US$100 million in annual revenue. It raised a US$30 million equity Series A in 2021 together with US$200 million of credit facilities, a US$111 million Series B in 2022 led by Avenir and Kaszek, and a US$20 million bridge round led by Nazca Ventures in January 2026 at a valuation of about US$400 million. The company is seeking a Sofipo licence to scale in Mexico.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Revenue
$100M (Jan 2026)
Valuation
$400M (Jan 2026)
Xepelin Valuation
Xepelin is currently valued at $400M, based on its undisclosed-stage round in January 2026. Read the announcement ↗
The $20M round was led by Nazca Ventures.
Xepelin valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2026 | Undisclosed stage | $400M | 4.0x |
Xepelin Revenue
Xepelin's latest recorded revenue is $100M, as of its undisclosed-stage round in January 2026. At a $400M valuation, that implies a 4.0x revenue multiple.
Xepelin revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2026 | $100M | $400M | 4.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Xepelin Funding History
Xepelin has raised a total of $165M across 5 funding rounds.
Xepelin's first fundraising round was a $1M pre-seed round in October 2019. The most recent completed round was a $20M undisclosed-stage round in January 2026.
Xepelin funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Undisclosed stage | Nazca Ventures (lead) | $20M | $400M | Xepelin raised a bridge round of about US$20 million led by Nazca Ventures, reported in January 2026. The financing values the company at about US$400 million, down more than 40% from the roughly US$720 million valuation of its previous round. The funds are meant to support the company's push into Mexico, including the effort to obtain a Sofipo licence that would allow it to scale there, and to bring in local partners ahead of a new stage of regional expansion. Xepelin is a Chilean fintech offering short-term working-capital loans, invoice financing and a financial-organisation platform to small and medium-sized businesses, mainly in Chile and Mexico. It has worked with more than 70,000 companies since it was founded in 2019 and generates close to US$100 million in annual revenue. Earlier it raised a US$30 million equity Series A in 2021 alongside US$200 million of credit facilities, and a US$111 million Series B in 2022 led by Avenir and Kaszek. |
| May 2022 | Series B | Avenir (lead); Kaszek (lead); PayPal Ventures; Carlos García Otatti; Wellington Management; FJ Labs; Battery Ventures; Gilgamesh Ventures; Amarena; Endeavor Catalyst; Seaya Cathay Latam; Seaya; Picus Capital; Gunderson Dettmer; MSA Novo; DST Global | $111M | - | Xepelin is a Chilean fintech providing B2B payments and financial services to SMEs across Latin America, primarily in Chile and Mexico. Founded in 2019 by Nicolás de Camino and Sebastián Kreis, the company offers financing solutions, payment automation, and other financial tools targeting the underserved SME sector, which represents a significant portion of the regional economy and labor force. In May 2022, Xepelin raised $111 million in an all-equity Series B round, the largest such round in Chile's history, led by Avenir and Kaszek with participation from PayPal Ventures, Wellington, DST Global Partners, Battery Ventures, MSA Novo, Endeavor Catalyst, FJ Labs, Picus, Amarena, Gunderson, Carlos García Otatti, Cathay-Seaya Latam, and Gilgamesh, among others. This followed a $230 million Series A in 2021 that included equity and debt led by Kaszek, and a $140 million debt facility from Goldman Sachs. The Series B funds were allocated to consolidate its position in Mexico, hire new employees, expand into additional markets, and launch new products. Since the Series A, Xepelin grew its client base over 5x to 15,000 customers, expanded into Mexico with 60x revenue growth there, and launched Xepelin Payments 90 days prior to the Series B for organizing and automating supplier payments with optional financing. The company had over 450 employees across LatAm at the time and served more than 70,000 companies overall in later reports. Xepelin aims to unlock trapped cash in the SME sector, estimated at $5 trillion regionally, by focusing on pure B2B solutions where 95% of small and medium businesses lack adequate banking access. |
| Jul 2021 | Series A | DST Global (lead); Kaszek (lead); Ricardo Weder; FJ Labs; Gilgamesh Ventures; Kayyak Ventures; Amarena; Seaya; Picus Capital; Cathay Innovation; MSA Capital | $30M | - | Xepelin is a Chilean fintech providing a financial services platform for SMEs in Latin America, offering accounts payable automation, revenue-based financing, working capital loans, and related services through partnerships with midmarket corporates. The company secured $30 million in equity funding co-led by Kaszek Ventures and partners of DST Global, alongside $200 million in credit facilities from asset managers, hedge funds, and pension funds, marking one of the largest Series A rounds in LatAm at the time. Additional equity investors included Cathay Innovation, Seaya Ventures, Picus Capital, Kayyak Ventures, FJ Labs, Kavak founder Carlos Garcia, and ex-Square Capital head Jackie Reses, bringing total equity raised to over $36 million and asset-backed facilities to $250 million. Around July 2021, Xepelin reported 30% month-over-month growth, over 4,000 clients in Chile and Mexico, more than 60 partnerships, 110 employees (up from 20 a year prior), and over $400 million in loans disbursed. The funding aimed to scale the platform, expand B2B services, and eventually build a virtual wallet and digital bank for SMEs, enabling seamless money movement within a payments ecosystem. The company's risk model approves financing in seconds, targeting underserved SMEs regardless of size. Xepelin focused on democratizing financial access in LatAm, mitigating credit risk by selling non-recourse loan portfolios. Later rounds included a $111 million Series B in 2022 and a $20 million bridge round at ~$400 million valuation (down from a prior $720 million), plus a $140 million debt facility from Goldman Sachs, reflecting adaptation to market corrections while pursuing expansion, especially in Mexico, and regulatory licenses like Sofipo. |
| Oct 2020 | Seed | Ideas Impact VC (lead); Kayyak Ventures (lead); Daniel Undurraga; Oskar Hjertonsson; FJ Labs; Amarena | $3M | - | Xepelin closed a seed round of US$2.5 million in October 2020 to expand its business into Mexico. The investors named were Amarena, the family office of Patricia Angelini, Ideas Impact VC, FJ Labs of New York, and Oskar Hjertonsson and Daniel Undurraga, the founders of Cornershop. The round followed a 2019 round backed by Manutara Ventures and several Chilean entrepreneurs. Xepelin is a Chilean fintech that applies data science to risk assessment to give small and medium-sized companies in Latin America fully digital financing. At the time of the round the platform had about 1,000 registered companies and had financed more than US$90 million, growing 20% to 30% per month. The company had been operating in Mexico for over a year, a market where only about 400,000 of 8 million companies and micro-businesses are served by banks. |
| Oct 2019 | Pre-seed | Manutara Ventures (lead); Diego Fleischmann; Gonzalo Rojas; Ignacio Canals | $1M | - | Xepelin, the Chilean SME finance platform, closed its first outside round in 2019, the year it began operations. The round was backed by Manutara Ventures together with Diego Fleischmann, founder of Avla, Gonzalo Rojas, chief executive of Bethia, Ignacio Canals, founder of Lemontech, and the Matijevic family. Sebastian Kreis registered the Xepelin name in June 2019 and the team had 18 people by August of that year. The company applies data science to credit assessment to offer fully digital financing to small and medium-sized businesses in Latin America. It was founded by Nicolas de Camino and Sebastian Kreis and went on to raise a seed round in October 2020 and later venture rounds led by Kaszek, DST Global and Avenir. |
Who has invested in Xepelin?
28 investors have backed Xepelin across its funding rounds, including FJ Labs, Amarena, DST Global, Picus Capital, Kaszek and Seaya.
Lead investors include Nazca Ventures, Avenir, Kaszek, DST Global, Ideas Impact VC and 2 other investors.
Xepelin Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Oct 2020 | ||
| 3 | Participant | Oct 2020 | ||
| 2 | Participant | Jul 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Lead | Oct 2020 | ||
| 2 | Participant | Jul 2021 | ||
| 2 | Participant | Jul 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Lead | Oct 2020 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
This data is available for Pro users. Sign up to see all 28 Xepelin investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialXepelin Competitors
Xepelin competitors include listed companies like Miroku Jyoho Service and Teamshares, and private ones like Biz2Credit, Found, Lentra and Lulo Bank.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $369M | - | ||
| Private | $43M | - | $400M | 9.3x | ||
| Private | $16M | - | $400M | 25.0x | ||
| Private | - | - | $401M | - | ||
| Publicly listed | $310M | $57M | $414M | 1.1x | ||
| Publicly listed | $472M | ($23M) | $338M | 0.9x |
Xepelin Public Comps
Xepelin is still privately-owned, but its public comps include Miroku Jyoho Service, Commercial Facilities Kuwait, Sailfish Royalty, Menif Financial Services, ARCIL, Enity Holding, BFF Bank, Jana Small Finance Bank, Northern Arc Capital and CION Invt.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $310M | $57M | 1.2x | 1.1x | 6.5x | - | |||
| $56M | - | 13.8x | - | - | - | |||
| $3M | $2M | 65.3x | 48.1x | 109.0x | - | |||
| $170M | $78M | 8.4x | - | 18.3x | - | |||
| $34M | $18M | 12.5x | - | 23.6x | - | |||
| $133M | - | 8.2x | 6.6x | - | - | |||
| $423M | - | 2.0x | 1.9x | - | - | |||
| $353M | - | 1.8x | 1.6x | - | - | |||
This data is available for Pro users. Sign up to see all Xepelin competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Xepelin
| When was Xepelin founded? | Xepelin was founded in 2019. |
| Where is Xepelin headquartered? | Xepelin is headquartered in Santiago, Chile. |
| Is Xepelin publicly listed? | No, Xepelin is a private, VC-backed company. |
| What is Xepelin's valuation? | Xepelin was last valued at $400M in its undisclosed-stage round in January 2026. |
| How much funding has Xepelin raised? | Xepelin has raised $165M across 5 funding rounds. |
| What was Xepelin's last funding round? | Xepelin's last funding round was a $20M undisclosed-stage round in January 2026, led by Nazca Ventures. |
| Who are Xepelin's investors? | Xepelin's investors include FJ Labs, Amarena, Gilgamesh Ventures, Kaszek, Kayyak Ventures, Seaya, Picus Capital, DST Global, Nazca Ventures, Ricardo Weder and 18 others. |
| What is Xepelin's revenue? | Xepelin's latest recorded revenue is $100M (January 2026). |
| What is Xepelin's revenue multiple? | Xepelin's latest valuation implies a 4.0x revenue multiple ($400M valuation on $100M of revenue). |
| Which companies are comparable to Xepelin? | Companies comparable to Xepelin include Biz2Credit, Found, Lentra, Lulo Bank, Miroku Jyoho Service and Teamshares. |
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