KEO World Announces Closing of $20M Institutional Growth Equity Funding Round

MIAMI–(BUSINESS WIRE)– KEO World Inc. (KEO), the leading B2B Buy Now, Pay Later (BNPL) fintech, today announced the closing of a $20 million growth funding round led by Montreux Growth Partners with additional funding provided by Mayberry Investments and Avior alongside a credit facility from Hayfin Capital Management. With this investment, KEO World will fuel the growth of its Workeo small and medium-sized enterprise (SME) inventory financing program in the United States and Latin America.

“KEO World has developed a highly innovative and B2B-focused approach to the Buy Now, Pay Later industry, and we are very pleased to support the business as it expands into new territories and continues to innovate its BNPL platform,” says Dan Turner. , Managing Director at Montreux Growth Partners. “KEO World’s mission to digitize BNPL practices and empower SMEs is enjoying strong market traction, and we are confident that this new capital will enable it to successfully expand into new markets at across the Americas.”

KEO’s Workeo B2B BNPL Central Platform was developed to digitize the B2B payments ecosystem and facilitate business growth worldwide. Through Workeo, SMBs receive a virtual KEO card and line of credit, after a seamless digital approval process. Suppliers who wish to offer KEO’s B2B BNPL inventory financing program to their customers can do so instantly, without the need for systems integration.

“This growth capital investment will provide the company with the financing needed to expand the Workeo offering to more companies and territories, and to enhance our infrastructure and proprietary BNPL platform to support faster growth and meet to the needs of our customers,” said Paolo Fidanza, Founder. , and CEO, KEO World. “Our Workeo program fills a major gap in the working capital needs of SMBs, and over the past year we have seen incredible growth in transactions and SMBs using our all-digital credit solution for their inventory purchases. .”

This funding round follows several milestones for KEO World, including:

  • Constitution of a board of directors: Following this financing round, KEO has also strengthened its Board of Directors and corporate governance by appointing Dan Turner, Managing Director of Montreux Growth Partners, as a member of the Board of Directors. Antonio Rossi, senior partner at Avior, Paul Gerard Mouttet, representing Mayberry Investments and Stefano Questa, portfolio manager at Hayfin Capital Management will serve as observers on the board.
  • Financing of growth working capital: Announcing a seven-year credit facility of up to $500 million from Hayfin Capital Management to increase the purchasing power of thousands of SMEs through KEO’s Workeo program in Mexico.
  • Industry leading team: Hiring of a new Chief Corporate Development Officer (CCDO), Hernán Magariños, and a new Chief Strategy Officer (CSO) Hernan Lopez Varela.

KEO was advised by Alantra, the independent international middle market investment bank. Alantra also advised KEO on the arrangement of its credit facility earlier this year.

For more information on KEO World, visit www.KEOworld.com.

About KEO World

Founded in 2020, KEO World is a Buy Now, Pay Later fintech focused on credit solutions and supply finance for small and medium enterprises (SMEs). Based in Miami, Florida, with operations in the United States, Mexico, Colombia, Peru, Ecuador and the Dominican Republic; KEO currently supports over 16,000 companies in the US and LATAM.

About Montreux Growth Partners

Montreux is a private equity firm focused on companies that provide innovative IT platforms to the healthcare sector and the B2B market in general. Montreux has invested in more than 60 companies through several funds. These investments include fintech companies FinPay and Paymap (acquired by First Data Corp). For more information, visit www.mepvc.com.

Carol M. Barragan