LatAm SME financial services platform Xepelin raises $111m Series B
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
The funding will be used to double the size of its team and develop new products.
The early-stage round was led by Matrix Partners and saw participation from PayPal Ventures.
The new funds will be used to expand its merchant network and product offering.
The Series D round was led by IIFL with participation from existing investors Temasek, Tiger Global, and 3one4 Capital.
The round saw participation from Target Global, Global Founders Capital, Finch Capital and Partech, among others.
A handy round-up of the recent funding endeavours of Asian fintech firms.
This week’s funding round-up includes three North American fintechs – CoreChain, OneVest & Crowdz.
The appointment comes after the firm experienced its strongest quarter since the start of the Covid-19 pandemic.
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
Saltare aims to give large organisations the tools to pay suppliers and partners more quickly.
Nexa Equity aims to scale Choice through both “organic initiatives” and strategic acquisitions such as DPC.
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
The partnership will offer new debit and credit card capabilities for businesses and consumers.
The seed funding is made up of a combination of equity and debt.
GBI will deploy the vendor’s Temenos Banking Cloud solution.
The tech veteran has previously worked at firms including The Co-Operative Bank and Think Money Group.
Pry CEO Andy Su says: “With Brex’s scale and reach, we can have a much bigger impact right away.”
PayU has invested more than $1 billion in fintech companies to date.
The pre-Series A investment round consists of $4 million in equity funding and a $20 million debt facility.
Funds will be used to expand its team and build out marketing capabilities.
James Phillips joins Stripe after a decade at Microsoft.
Ant Group will become a majority shareholder of 2C2P.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The round was led by Blossom Capital and saw participation from Maki.vc and Brightly Ventures.
Microsoft says the partnership will drive value for SMEs, “the backbone of job creation in the world’s economy”.
GoSolo aims to streamline the application process for opening a UK business account as a non-resident.
Stenn CEO Greg Karpovsky says: “A lack of access to finance is stunting the growth of SMEs around the world.”
The firm launched its US credit card in March 2021 and has an office in Atlanta.
Embedded finance has already started to streamline financial processes in both consumer and business commerce.
Stark Bank, named for founder and CEO Rafael Stark, focuses on high-growth start-ups and enterprises in Brazil.
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
The firm previously secured $150 million in a Series B round in July 2021.
The new funds will be spent on developing new products and significantly increasing its staff headcount.
Worldline holds a 51% stake in the new entity, with ANZ holding the remaining 49%.
Signicat CEO says: “We now look forward to the next phase of our international expansion.”
The Mosaic platform was launched in 2019 and is designed to ‘reboot’ financial planning and analysis.
The extension brings the company’s total Series C funding to $135 million.
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
Yokoy has now raised more than $107 million in total capital to date.