Xepelin
“Can a factoring-first fintech become the financial operating system for LatAm SMBs — and solve collections at scale?”
Founded2019
HQLas Condes, Santiago, Chile
FoundersNicolás Camino, Sebastián Kreis, Guillermo Molina Carvallo
Total raised$300M+ (equity + debt)
Latest roundLater Stage VC, $20M
IndustryFintech / SMB Lending
The story
Founded 2019 in Chile as an online-banking alternative for LatAm SMEs, Xepelin's wedge was invoice factoring — advancing cash against receivables where traditional banks would not lend. Over 2021–2022 the company positioned itself as a 'digital CFO' bundling receivables/payables management, financing, and cash-flow visibility. Today the product set spans factoring, purchase-order financing, B2B BNPL, and term loans across Mexico and Chile, with $7B+ deployed. The strategic question now is collections — as CEO Sebastián Kreis put it in 2026, lending is the easy part.
Product timeline
2019
Founded in Santiago, Chile by Nicolás Camino and Sebastián Kreis· founding
2020
Launched lending and revenue management platform targeting LatAm SMBs, initially built around invoice factoring· lending
2021
Raised $30M equity + $200M credit facility led by Kaszek Ventures; expanded into Mexico· funding
2022
Closed $111M Series B — largest in Chilean history at the time — to consolidate as a 'digital CFO' for SMEs· funding
2026
Reported $7B+ cumulative financing extended to SMEs across Mexico and Chile; product suite spans invoice factoring, purchase financing, BNPL, and term loans· lending
The stack
1 layer disclosed in Xepelin’s embedded-finance stack
Lending
Xepelin (in-house)Invoice factoringPurchase financingB2B BNPLFlexible term loans
Accounting gap: none