PayPal Ventures: Invests in Xepelin $111 Million Series B, Led by Avenir and Kaszek

PayPal Ventures: Invests in Xepelin $111 Million Series B, Led by Avenir and Kaszek

• PayPal ventures believe that now is the time to democratize financial services
• Xepelin is a Latin American SMB-focused FinTech. Founded in 2019 by Sebastian Kreis and Nicolas de Camino
• Announced it has raised an $111 million Series B funding round led by Avenir and Kaszek
• This equity fundraise comes less than a year after its successful $230 million Series A, the largest in Latam history
• Leading the shift to digital in B2B by scaling payments infrastructure and a regional platform for SMBs
• The company’s mission is to be the “Digital CFO for B2B Companies” and has started by solving B2B payments