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Goldman Lends $140 Million to Latin American Fintech Xepelin

  • Wall Street firm gives startup its biggest-ever credit line
  • Financing has two tranches and is denominated in Mexican pesos
Nicolás de Camino
Nicolás de CaminoSource: Xepelin
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Goldman Sachs Group Inc. provided a $140 million credit line to help finance a Mexico expansion for Latin American fintech Xepelin Holdings Inc., which offers services including payments and credit to small and midsize companies that do business with other firms.

“It’s our largest credit facility so far, denominated in Mexican pesos, and it’s just the beginning of what we hope will be a long-term relationship,” Nicolas de Camino, co-founder and co-chief executive officer of Santiago-based Xepelin, said in a video interview. “We hope we can increase it in the future, and a few times.”