Xepelin

Market position

Xepelin describes an ambition to become the leading B2B financial services provider and digital bank for companies in Latin America. It targets a segment that, per the co-founder, accounts for over 60% of Latin America's GDP with more than $10 trillion in unmet needs, underserved by traditional banks because of high acquisition and servicing costs. Third-party materials place it among digital lending and invoice-financing platforms in Chile and Mexico and note backing from investors including Kaszek and Fluent.

Company and third-party materials attribute differentiation to speed and pricing granularity: a fully digital onboarding and evaluation process with responses in under 48 hours (and, per the company, credit decisions the same day), AI- and machine-learning-based risk underwriting that uses ecosystem data on clients and suppliers, and interest rates calculated per individual account payable rather than from a fixed rate table. The platform's financial management tools — collections and payments automation, real-time company analysis and counterparty evaluation — are offered without charge, with revenue taken only on financing used.

Technology

The platform uses artificial intelligence and machine learning in a risk system that can evaluate a financing request in seconds and return a decision within a day, with pricing set per individual account payable. It integrates directly with tax authority systems — SII in Chile (including digital certificate upload for automatic invoice assignment) and SAT/CIEC in Mexico — to pull invoice and company data, and offers real-time financial analytics, automated collections and payments, counterparty (client and supplier) evaluation and, per third-party material, fraud detection and smart secured credit lines.

Go-to-market

Customer acquisition is self-service and online: businesses register on the country website with an email address, link their tax authority credentials, upload incorporation and compliance documents, and receive an evaluation of available financing options. The free financial-management layer (collections, payments, analytics, counterparty evaluation) serves as an entry point to paid financing products. The company also publishes educational and product content on its blog and has received coverage in business and technology media in Mexico and Chile.

Small and medium-sized enterprises and larger corporates in Chile and Mexico, including sole proprietors with business activity (persona física/natural) and legally constituted companies (persona moral/jurídica), that need working capital, cash-flow smoothing, supplier payment financing or receivables acceleration.

Geography

Operations focus on Chile and Mexico, with dedicated country sites and jurisdiction-specific requirements (SII/RUT in Chile; SAT/RFC, CIEC and credit bureau in Mexico). The company was founded in Chile (sources cite Santiago/Las Condes) and by 2023 described itself as headquartered in Mexico City, with stated ambitions to expand into additional Latin American markets.

History

The company was founded in 2019 by Sebastián Kreis and Nicolás de Camino, Chilean entrepreneurs with financial backgrounds; the company blog dates its start to July 2019, while other sources cite 2019 generally and locate its founding in Chile (Las Condes/Santiago). Kreis completed an MBA at UC Berkeley Haas in 2018 and studied credit and software market penetration in Mexico before committing to a regional build starting in Mexico and Chile. By 2022 the company had raised $150M in equity plus a $140M Goldman Sachs credit line, and by October 2023 reported a cumulative $567M raised and 400 employees, with headquarters described as Mexico City. Aggregator data records a $110M Series B in May 2022 led by Kaszek Ventures and Avenir and a $20M round in January 2026 led by Mountain Nazca, for a stated cumulative $396.5M across seven rounds. In January 2026 press reported a $20M bridge round led by Nazca Ventures at roughly a $400M valuation, down more than 40% from a prior $720M valuation.

Risks & controversies

The January 2026 financing was reported as a bridge round at a valuation of roughly $400M, more than 40% below the company's prior $720M valuation, indicating a down round. Growth in Mexico is contingent on obtaining a Sofipo license, a regulatory approval that had not been secured as of that report. Source data on scale is inconsistent: total funding is variously reported as $396.5M across seven rounds and as $567M, employee counts range from 400 (2023, co-founder interview) to figures listed on an aggregator profile, and one aggregator biography names a different individual as CEO than the founders identified by the company and by UC Berkeley Haas.