KEO World, a global B2B fintech focused on digital payments, embedded credit, and AI-driven supply chain finance, said it has fully repaid a secured loan facility of up to $500 million provided by Hayfin Capital Management in January 2022, completing the facility on its original four-year term. The company said the financing helped it scale Workeo™, its B2B supply chain financing platform, particularly in Mexico.
KEO World said Workeo generated nearly $1 billion in credit volumes over the life of the facility, supporting thousands of SMEs and corporates across supply chains and strengthening the company’s position in Latin America’s B2B fintech market. The repayment, the company said, marks a milestone in its growth and capital evolution.
Following the amortization, KEO World said it plans to enter into a conditional merger agreement with Maha Capital AB, subject to customary conditions. The company said the proposed transaction is expected to support strategic growth plans, including further expansion of the Workeo program.
Founder and CEO Paolo Fidanza said the Hayfin facility enabled KEO World to “prove our technology at scale” and build a market-leading B2B credit platform in the region, adding that the company has repaid the facility in line with agreed terms and expects Hayfin to remain a long-term partner. Hayfin Managing Director Roberto Alessi said the repayment demonstrates the strength of KEO World’s business model and execution, and that Hayfin looks forward to continuing the relationship as the company enters its next phase.
KEO World said Hayfin will remain involved as a passive minority shareholder in the enlarged company, underscoring confidence in KEO’s platform and long-term strategy in B2B payments and supply chain finance.
KEO World, founded in 2020 and headquartered in Miami, operates across the U.S., Canada, and Latin America. Its platforms include Workeo, a BNPL solution for business invoices, and KEO Rails, an AI-powered blockchain payment rail.
KEY QUOTES:
“We thank Hayfin for the trust they placed in us at the early stages of our journey… Their facility allowed us to prove our technology at scale, build a market-leading B2B credit platform, and reach a leadership position in Latin America… We have fully repaid the facility in line with the agreed terms, and we are proud to continue to have Hayfin as an important long-term partner as we enter our next phase of growth.”
Paolo Fidanza, Founder and CEO, KEO World
“It has been a pleasure supporting KEO World’s success during such a critical phase of its growth… The successful repayment of this facility demonstrates the strength of KEO’s business model and its ability to execute expansion plans effectively. We look forward to continuing our relationship as the company embarks on its next chapter.”
Roberto Alessi, Managing Director, Hayfin
