KEO World (KEO), a fintech leader in B2B digital payments and inventory financing, announced that it has taken a significant step in its expansion. Through a partnership agreement with BTG Pactual Bank S.A., the largest investment bank in Latin America, KEO World will expand its operations in the Brazilian market.
“We are delighted to have agreed to this partnership agreement with one of the largest financial institutions in South America, which will allow us to increase the reach of our B2B digital payments program and provide financing to many more companies in Brazil”
As part of the partnership, KEO’s Workeo solution, in collaboration with the Amex Business Link Platform™, can help thousands of medium and large businesses in Brazil digitize their B2B invoice payments, which can result significant cost efficiencies and increased purchasing power.
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Founded in 2020, KEO has experienced rapid growth. KEO’s Workeo solution, powered by KEO’s flagship credit processing, provides businesses with a working capital line of credit through a digital wallet within a multi-product payment and billing rails, available via Amex Business Link™. Additionally, KEO offers its own proprietary blockchain payment rails, known as KEO Rails™, to help make payments even easier.
“We are delighted to have agreed to this partnership agreement with one of the largest financial institutions in South America, which will allow us to increase the reach of our B2B digital payments program and provide financing to many more companies in Brazil,” said Paolo Fidanza, Founder and CEO of KEO. “In a market where less than 10% of total traditional credit is extended to SMEs, our Workeo product enables business buyers to access core inventory on credit and suppliers to increase their recurring sales, enhancing working capital management through a fully digital, frictionless, and low-cost financing and cash management platform thanks to our innovative payment rails, credit processing, and the American Express network.”
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“Expanding the value proposition of the Amex Business Link™ platform is one of our priorities so that buyers and suppliers can make real-time decisions that optimize their working capital and improve their operational-administrative and reconciliation processes. Thanks to this expansion, companies in Brazil will be able to access an innovative and 100% digital ecosystem that offers digital payment and billing tools for local and international transactions,” said René Centeno, American Express, Supply Chain Solutions Global Head.
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Source – Globe Newswire
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