KEO World Inc. (KEO), the leading B2B Buy Now, Pay Later (BNPL) fintech, today announced the closing of a $20 million growth equity round led by Montreux Growth Partners with additional funding provided by Mayberry Investments and Avior alongside a debt 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 across the USA and LATAM.
“This growth equity investment will provide the company with the funding to expand the Workeo offering to more businesses and territories, and to enhance our infrastructure and proprietary BNPL platform to support faster growth and to meet our customers' needs”
“KEO World has developed a highly innovative, B2B-focused approach to the Buy Now, Pay Later industry, and we’re very excited to support the company as they expand into new territories and continue to innovate their BNPL platform,” states 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 allow it to successfully expand its business into new markets across the Americas.”
KEO's core Workeo B2B BNPL platform was developed to digitize the B2B payments ecosystem and to facilitate business growth around the world. Through Workeo, SMEs are issued a virtual KEO card and credit line, after a seamless digital approval process. Suppliers that want to offer KEO’s B2B BNPL inventory finance program to their customers can do so instantly, without the need for any systems integration.
“This growth equity investment will provide the company with the funding to expand the Workeo offering to more businesses and territories, and to enhance our infrastructure and proprietary BNPL platform to support faster growth and to meet our customers' needs,” said Paolo Fidanza, Founder, and CEO, KEO World. “Our Workeo program fills a major gap in the working capital requirements for SMEs, and over the past year we have experienced incredible growth in transactions and SMEs using our all-digital credit solution for their inventory purchases.”
This round of funding comes on the heels of multiple milestones for KEO World, including:
KEO was advised by Alantra, the independent global mid-market investment bank. Alantra also advised KEO on the arrangement of its debt facility earlier this year.
For more information about KEO World, please 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 financing for small-and-medium-sized businesses (SMBs). Headquartered in Miami, Florida, with operations in the U.S., Mexico, Colombia, Peru, Ecuador, and Dominican Republic; KEO currently supports over 16,000 businesses in the U.S. and LATAM.
About Montreux Growth Partners
Montreux is a growth equity firm, with a focus on companies that offer innovative IT-based platforms to the healthcare industry and to the broader B2B market. Montreux has invested in more than 60 companies across multiple funds. Those investments include fintech companies FinPay and Paymap (acquired by First Data Corp). For more information, please visit www.mepvc.com.
KEO World Inc. (KEO), the leading B2B Buy Now, Pay Later (BNPL) fintech, today announced the closing of a $20 million growth equity round led by Montreux Growth Partners with additional funding provided by Mayberry Investments and Avior alongside a debt 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 across the USA and LATAM.
“This growth equity investment will provide the company with the funding to expand the Workeo offering to more businesses and territories, and to enhance our infrastructure and proprietary BNPL platform to support faster growth and to meet our customers' needs”
“KEO World has developed a highly innovative, B2B-focused approach to the Buy Now, Pay Later industry, and we’re very excited to support the company as they expand into new territories and continue to innovate their BNPL platform,” states 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 allow it to successfully expand its business into new markets across the Americas.”
KEO's core Workeo B2B BNPL platform was developed to digitize the B2B payments ecosystem and to facilitate business growth around the world. Through Workeo, SMEs are issued a virtual KEO card and credit line, after a seamless digital approval process. Suppliers that want to offer KEO’s B2B BNPL inventory finance program to their customers can do so instantly, without the need for any systems integration.
“This growth equity investment will provide the company with the funding to expand the Workeo offering to more businesses and territories, and to enhance our infrastructure and proprietary BNPL platform to support faster growth and to meet our customers' needs,” said Paolo Fidanza, Founder, and CEO, KEO World. “Our Workeo program fills a major gap in the working capital requirements for SMEs, and over the past year we have experienced incredible growth in transactions and SMEs using our all-digital credit solution for their inventory purchases.”
This round of funding comes on the heels of multiple milestones for KEO World, including:
KEO was advised by Alantra, the independent global mid-market investment bank. Alantra also advised KEO on the arrangement of its debt facility earlier this year.
For more information about KEO World, please 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 financing for small-and-medium-sized businesses (SMBs). Headquartered in Miami, Florida, with operations in the U.S., Mexico, Colombia, Peru, Ecuador, and Dominican Republic; KEO currently supports over 16,000 businesses in the U.S. and LATAM.
About Montreux Growth Partners
Montreux is a growth equity firm, with a focus on companies that offer innovative IT-based platforms to the healthcare industry and to the broader B2B market. Montreux has invested in more than 60 companies across multiple funds. Those investments include fintech companies FinPay and Paymap (acquired by First Data Corp). For more information, please visit www.mepvc.com.