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Xepelin raises $111m in Series B funding

Chile based B2B payments startup raised $111m in Series B funding led by Avenir and Kaszek.

“This is a huge market, but no one is really focused on pure business-to-business. Businesses of means have access to bank funds, but around 95% of small and medium businesses are unattended. We believe there is $5 trillion in trapped cash that needs to be unlocked, and we have a forum to address that.”

Tags

b2b, payments