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- Xepelin
Xepelin Revenue, Valuation, Funding & Investors
Xepelin is valued at $400M as of January 2026, a 4.0x multiple on its last reported $100M revenue.
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
Amarena
Kaszek
DST Global
Nazca Ventures
Avenir
Kayyak Ventures
About Xepelin
Xepelin is a Mexico City-headquartered fintech providing digital accounts, liquidity access, and financial automation for Latin American businesses. The platform offers risk assessments and payment tools integrated across supply chains. Xepelin partners with investors like Kaszek and DST Global to expand in Mexico, Chile, and Colombia.
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.
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 is a Chilean fintech providing financing and financial services, including a SaaS platform for real-time financial organization, short-term working capital loans, and invoice financing, primarily to SMEs across Latin America with a focus on Mexico and Chile. The company has served over 70,000 businesses and generates close to $100M in annual revenue as of the recent funding. It previously raised $230M in Series A (2021) and $111M in Series B (2022) led by Kaszek, Avenir, and PayPal Ventures, plus $140M debt from Goldman Sachs, reaching over $145M in equity and $300M in asset-backed facilities. In early June 2026, Xepelin raised a $20M strategic bridge round led by Nazca Ventures at a $400M valuation, down over 40% from its prior $720M valuation. The funds aim to support expansion in Mexico, secure a Sofipo financial license for scaling operations, integrate local partners, and strengthen regulatory compliance in the region's largest market. This bridge round precedes potential future growth rounds and reflects adaptation to market challenges including valuation resets and leadership changes. Xepelin's traction includes financing nearly $600M and managing 112,000 invoices in 2024 across Chile and Mexico, adding over 6,000 new clients that year. It has launched fraud detection, financial analytics, and security features to bolster its B2B ecosystem. The company positions itself as a dominant financial partner for SMEs, navigating a tough venture environment through targeted funding for Mexico while leveraging its established track record. |
| May 2022 | Series B | Avenir (lead); Kaszek (lead); Amarena | $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); Amarena | $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. |
| Feb 2021 | Seed | Ideas Impact VC (lead); Kayyak Ventures (lead); Amarena | $3M | - | Xepelin is a Chilean fintech company providing financial services to SMEs in Latin America. Kayyak Ventures lists Xepelin in its portfolio of seed and Series A investments focused on Latin America. No financial details such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples were found for the specified funding round involving Ideas Impact VC and Kayyak Ventures around January 2021. |
| Oct 2019 | Pre-seed | Manutara Ventures (lead); Diego Fleischmann; Gonzalo Rojas; Ignacio Canals | $1M | - | - |
Who has invested in Xepelin?
11 investors have backed Xepelin across its funding rounds, including Amarena, Kaszek, DST Global, Nazca Ventures, Avenir and Kayyak Ventures.
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 | Feb 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Lead | Feb 2021 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Lead | Feb 2021 | ||
| 1 | Lead | May 2022 | ||
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Start Free TrialXepelin Competitors
Xepelin competitors include listed companies like Miroku Jyoho Service and Baiwang Cloud, and private ones like Biz2Credit, Mynt, Found and Lentra.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $369M | - | ||
| Private | $2M | - | $181M | - | ||
| Private | $43M | - | $400M | 9.3x | ||
| Private | $16M | - | $400M | 25.0x | ||
| Publicly listed | $315M | $58M | $396M | 1.1x | ||
| Publicly listed | $109M | $433K | $337M | 2.7x |
Xepelin Public Comps
Xepelin is still privately-owned, but its public comps include Miroku Jyoho Service, Enity Holding, Open Lending, Nordtech Group, Commercial Facilities Kuwait, CION Invt, Menif Financial Services, Aye Finance, Baiwang Cloud and Muthoot Microfin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
| $133M | - | 8.2x | 6.7x | - | - | |||
| $93M | $16M | 3.5x | 3.3x | 21.0x | 13.8x | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $56M | - | 14.8x | - | - | - | |||
| $127M | - | 11.9x | 7.3x | - | - | |||
| $176M | $81M | 8.4x | - | 18.3x | - | |||
| $168M | $42M | 5.2x | 5.9x | 21.1x | - | |||
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 Amarena, Kaszek, Nazca Ventures, Ideas Impact VC, Diego Fleischmann, Gonzalo Rojas, Manutara Ventures, Kayyak Ventures, Avenir, Ignacio Canals and 1 other. |
| 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, Mynt, Found, Lentra, Miroku Jyoho Service and Baiwang Cloud. |
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