Xepelin picks up expansion funds

Xepelin picks up expansion funds

Equity Technology Chile Mexico Latin America

Chilean financial technology firm Xepelin said it raised $111 million in a Series B round to expand its business in Chile and Mexico. The Santiago-based company, which provides a digital platform for companies to make payments, manage cash and raise short-term funding, secured the funds in an all-equity deal led by New York-based Avenir Growth Capital and São Paulo-based Kaszek, according to a statement. The other investors in the round were Amarena, Battery Ventures, DST Global, Endeavor Cataly

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