EconomyThis Chilean company with operations in Mexico has just...

This Chilean company with operations in Mexico has just received 140 million dollars from Goldman Sachs

The fintech Xepellin received a financing of 140 million dollars from Goldman Sachs with which it seeks to promote Mexican SMEs and take advantage of the nearshoring trend.

“The money is to finance SMEs. Every time we help SMEs, we not only help them with working capital, we help them create jobs,” Sebastián Kreis, co-founder and co-CEO of Xepellin, said in an interview.

Nearshoring or the relocation of production chains has become more relevant since the pandemic due to the geographical location of Mexico as it is a neighbor of the United States.

For the manager, this financing from a global bank will allow companies in Chile, but especially Mexico, to have sustained growth in the coming months.

Kreis believes that Mexico is a great market that they want to bet on in the coming years due to the relationship that the country has with the United States. “Mexico is the market in which we want to be,” he assured.

What is Xepelin?

It is a company specialized in Digital Financial Services for four types of small and medium-sized companies in Latin America.

The company operates in Chile and Mexico and has more than 15,000 clients to whom it provides joint financing for more than 1,200 million dollars.

Xepelin developed its own technology to analyze clients through data analytics, allowing them to better understand their clients and offer amounts that are appropriate for the size and performance of the SMEs they finance.

US banking giant enlists its reorganization

Goldman Sachs will announce a major reorganization to combine its largest businesses into three divisions, with its investment banking and trading businesses merged into a single unit.

Is a wave of new banks coming in Mexico?

The AlphaCredit, Crédito Real and Unifin crises have complicated the financial landscape for many lenders, who have the option of becoming banks to obtain resources.

Seniors, a challenge only for fintech?

If the great success of fintech is to be simple and intuitive, this can be a great starting point to reach the elderly with accessible financial products.

Disruption, the future of digitizing payment methods

New payment methods have redefined the use of cash, which is why Fintechs play an important role in defining the path towards a digital economy.

Startups, the case for mergers and acquisitions

Startups are faced with the need to resist and become stronger. For now they are struggling, adjusting their business plans and creating a plan B to deal with stagnation or limited growth.

More