KEO World, a leading fintech firm specializing in B2B digital payments, has announced an innovative partnership with American Express and BTG Pactual Bank to expand its operations into Brazil. The collaboration will bring KEO’s Workeo platform to Brazilian businesses, offering them a fully digital solution for invoice payments, financing, and more.
A Milestone for Digital Payments in Brazil
This partnership marks a significant step in KEO’s expansion into Latin America, aligning with its mission to streamline financial services. The Workeo solution will integrate seamlessly with the Amex Business Link platform, enabling thousands of medium and large businesses in Brazil to digitize their invoice payments, resulting in greater cost efficiency and enhanced purchasing power.
A Boost for Businesses and SMEs
Founded in 2020, KEO has made its mark in the fintech sector with rapid growth and innovation. Through its digital wallet and payment processing infrastructure, Workeo offers businesses access to working capital via credit lines, helping them manage cash flow and optimize purchasing operations. The platform utilizes KEO’s proprietary blockchain payment rails to ensure seamless and secure transactions.
“We’re thrilled to partner with BTG Pactual, one of the largest financial institutions in South America,” said Paolo Fidanza, Founder and CEO of KEO. “This collaboration will help increase our B2B digital payments program’s reach, empowering businesses in Brazil to streamline their financial operations.”
Future of Business Finance in Brazil
With less than 10% of traditional credit extended to SMEs in Brazil, Workeo’s impact on the market could be transformative. By offering digital, frictionless financing solutions, Workeo is poised to enhance inventory management and increase recurring sales for businesses in Brazil.
René Centeno, Global Head of Supply Chain Solutions at American Express, emphasized the importance of expanding the Amex Business Link platform to help businesses make real-time financial decisions. “This expansion will offer Brazilian companies innovative, fully digital tools for local and international transactions.”
KEO World’s Workeo platform is now available for businesses in Brazil, offering a smart, low-cost way to improve financial efficiency. To stay updated on this exciting development and future innovations, follow YourTechCFO for more.
Let us know your thoughts on the Workeo launch and how it could impact your business in Brazil or globally!