KEO World, a fintech specialising in B2B digital payments and inventory financing, is expanding its operations to Brazil in partnership with BTG Pactual Bank SA, one of the largest investment banks in Latin America.
Through the new partnership, KEO will collaborate with the American Express Business Link Platform, helping thousands of medium and large businesses in Brazil digitise their B2B invoice payments.
Paolo Fidanza, CEO of KEO
“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 programme and provide financing to many more companies in Brazil,” explained Paolo Fidanza, founder and CEO of KEO.
“In a market where less than 10 per cent 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.”
This initiative looks to significantly boost cost efficiencies for these local businesses and increase purchasing power through KEO’s Workeo solution available via Amex Business Link. The solution is powered by KEO’s credit processing, providing businesses with a working capital line of credit through a digital wallet within a multi-product payment and billing rails. KEO also offers its own proprietary blockchain payment rails, known as KEO Rails, to make payments easier.
“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 optimise their working capital and improve their operational-administrative and reconciliation processes,” added said René Centeno, supply chain solutions global head at American Express. “Thanks to this expansion, companies in Brazil will be able to access an innovative and 100 per cent digital ecosystem that offers digital payment and billing tools for local and international transactions.”
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