Xepelin, the B2B payments and financial services platform working in Latin America, has raised $111 million in a Series B round including some from PayPal Ventures. The new funding will be used to add more growth, scaling B2B payments and adding more talent, along with expanding to new countries in Latin America. Xepelin has been working on B2B digitization by scaling payment infrastructure and a regional platform for smaller businesses. The company’s mission is to be the “Digital CFO” for B2B. To that end, it has begun trying to solve B2B payments and working capital needs for SMBs with its platform.
Many individuals have begun purchasing things on the internet more frequently to cut down on in-person transactions, which the pandemic accelerated by years. Xepelin is a technology company that provides financial services through a digital platform. Companies of all sizes, from SMEs to public companies, use our software to execute payments, finance themselves and manage their cash.