KEO World and American Express Introduce Workeo B2B Platform
In an exciting development for the financial technology sector, KEO World (KEO), a prominent fintech innovator specializing in B2B digital payments and inventory financing, is making strides in expanding its influence. A recent partnership with BTG Pactual Bank S.A., the largest investment bank in Latin America, marks a significant milestone for KEO World. This collaboration will enable the company to enhance its operational capabilities within the Brazilian market.
Transforming B2B Payments with Workeo
As part of this partnership, KEO has unveiled its Workeo solution, which integrates seamlessly with the renowned Amex Business Link Platform™. This innovative technology is designed specifically to assist thousands of medium and large businesses in Brazil by digitizing their B2B invoice payments. The result? Enhanced cost efficiencies and a boost in purchasing power that benefits businesses across the region.
Rapid Growth and Expansion
Founded in 2020, KEO World has seen remarkable growth in its short existence. The company has successfully developed the Workeo solution, which is underpinned by KEO's credit processing capabilities. This digital wallet offers businesses access to much-needed working capital lines of credit through a comprehensive suite of payment and billing solutions that are now available through the Amex Business Link™. Moreover, KEO has launched its proprietary blockchain payment system, known as KEO Rails™, to streamline payment processes further.
Quote from KEO's Leadership
Paolo Fidanza, the CEO and founder of KEO, expressed his enthusiasm for the partnership, stating, "We are thrilled to join forces with such a significant financial institution in South America. This partnership will extend our B2B digital payments program's reach, allowing us to provide financing to even more companies in Brazil." He also highlighted the gap in credit availability for small and medium enterprises (SMEs), mentioning, “In a market where less than 10% of traditional credit is offered to SMEs, our Workeo product allows business buyers access to inventory on credit, thereby enabling suppliers to enhance their recurring sales while effectively managing their working capital."
Enhancing Supplier and Buyer Connections
René Centeno from American Express stated, "It's crucial to expand the value proposition of the Amex Business Link™ platform. This strategy will empower buyers and suppliers to make prompt, informed decisions that optimize their working capital. The new initiative will establish a fully digital ecosystem, enabling companies in Brazil to leverage cutting-edge payment and billing tools for both local and international transactions."
About KEO World
KEO World, established in 2020, has rapidly carved out a niche as a technological leader in financial solutions, dedicated to facilitating secure and efficient financing methods for businesses. With its headquarters in Miami, Florida, KEO World operates across various regions including the US, Canada, Mexico, and throughout Latin America. Notably, KEO holds the distinction of being the first non-bank financial institution to secure an issuing license from American Express.
About American Express
American Express is known for its global approach to integrated payments, providing customers with products, insights, and experiences that enhance lives and pave the way for business success. Their commitment is to deliver tailored services that support financial growth. More information can be found on the company's diverse offerings across various platforms.
Frequently Asked Questions
What is Workeo?
Workeo is a B2B digital payment solution created by KEO World to enhance invoice payment processes for businesses in Brazil.
Who has partnered with KEO World for this initiative?
KEO World has partnered with BTG Pactual Bank S.A., a leading investment bank in Latin America, to launch the Workeo platform.
What benefits does Workeo offer businesses?
The Workeo platform allows businesses to digitize their B2B payments, leading to cost savings and improved purchasing power.
When was KEO World founded?
KEO World was founded in 2020 and has quickly grown to become a key player in the fintech industry.
How does Workeo impact small and medium enterprises?
Workeo aims to bridge the credit gap for SMEs in Brazil, allowing them access to inventory on credit and enhancing cash flow management.
