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Chilean financial services platform Xepelin has received a $140 million line of credit from US multinational Goldman Sachs, the largest fintech line of credit to date.
Xepelin Receives $140 Million Line of Credit from Goldman Sachs
The Mexican peso-denominated line of credit is designed to help finance further expansion into Mexico. bloomberg report, and will be released in two parts $40 million, then $100 million.
Fintech acts as a digital CFO, providing real-time financial information to small and medium enterprises (SMEs) and integrating financial services with data models to reduce the time companies spend on day-to-day financial tasks, including payments. increase. .
The company currently has operations in Mexico and Chile and employs over 450 people across Latin America.
Xepelin was founded in 2019. The company raised $111 million in a Series B funding round led by Avenir and Kaszek in May. It was the biggest round in Chilean history.
It raised $30 million in a series A round last July. He also launched a new his B2B payments product that organizes and automates payments.
talk to bloomberg, Xepelin co-founder and co-CEO Nicolas de Camino said the asset-backed loan from Goldman Sachs “is just the beginning of what we hope will be a long-term relationship.”
We hope to be able to increase it several times in the future.
