KEO World a fintech infrastructure platform for B2B payments lending, officially entered into a binding agreement to combine its GTC business with MAHA Capital AB, a publicly traded investment company on Nasdaq Stockholm. The transaction is intended to significantly strengthen its financial base and accelerate its global expansion.
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MAHA is contributing more than $120 million in cash and liquid assets, while Keo investors will contribute an additional $35 million. Together, the combined company will have approximately $155 million in equity to invest in the GTC program.
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This announcement is officially valid in the original source language. Translations are provided as a reading aid only and should be compared with the original text, which alone is legally binding.
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Source : prnewswire