Chilean startup Xepelin, which created a financial services platform for SMEs in Latin America, has raised $30 million in capital and $200 million in credit lines.
Venture fund Kaszek Ventures led the equity portion of the financing, which also involved DTS Global partners and a number of other companies and angel financiers/investors. LatAm, in conjunction with asset managers and hedge funds in the United States (including Chilean pension funds), provided the credit facilities. Since its inception, Xepelin has raised a total of more than US$36 million in equity and US$250 million in asset-backed debt.
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