Latham Leads Avenir on Funding for Chilean B2B Payment Platform

Latham & Watkins advised New York-based Avenir Growth Capital on its leading of a $111 million funding round for Xepelin, a Chile-based provider of B2B payments and financial services for small and medium-size businesses.

Other participants in the round, the biggest-ever Series B for a Chilean company, included Latin American venture capital firm Kaszek, PayPal Ventures, Wellington, DST Global, Battery Ventures, and Madrid-based Cathay-Seaya Latam, among others, according to a statement.

Xepelin operates in Mexico and Chile with more than 450 employees across Latin America.

The Series B funding will fuel Xepelin’s expansion by allowing it to enter new markets ...