KEO World Closes $20M Growth Equity Funding
Summary
KEO World, Inc., a Miami, FL-based B2B Buy Now, Pay Later (BNPL) fintech company, closed a $20m growth equity funding. The round was led by Montreux Growth Partners with participation from Mayberry Investments and Avior alongside a debt facility from Hayfin Capital Management. The company intends to use the funds to accelerate the growth of its Workeo small and medium-sized enterprise (SME) inventory financing program across the USA and LATAM. 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. The company also received a seven-year debt facility of up to $500 million from Hayfin Capital Management to expand the purchasing power of thousands of SMEs via KEO’s Workeo program in Mexico, and hired a new Chief Corporate Development Officer (CCDO), Hernán Magariños, and a new Chief Strategy Officer (CSO) Hernan Lopez Varela.