KEO World (KEO), a prominent B2B digital payments and inventory financing FinTech, has expanded its core solution, Workeo, into the Canadian market with the support of Amex Business Link, a robust B2B payments infrastructure.
KEO’s Workeo solution offers digital lines of credit in multiple currencies, facilitating cross-border payments. Utilizing Amex Business Link’s capabilities, buyers and suppliers can automate payment tasks, including setting invoice payment terms and conditions, managing invoice approvals, and handling reporting and reconciliation processes.
The expansion will capitalize on KEO’s embedded payments and lending infrastructure, known as KEO Rails. This technology automates the clearing of B2B transactions and provides businesses with access to working capital. These features are designed to enhance payment efficiency, stimulate growth, and offer a broader range of digital payment options.
“We’re thrilled to expand our Workeo solution to Canada and to launch KEO Rails, our B2B payments technology, in collaboration with Amex Business Link,” said Paolo Fidanza, CEO and Founder of KEO World. “This expansion signifies our commitment to delivering innovative solutions to a global audience and our dedication to revolutionizing the way businesses conduct B2B transactions.”
“Through Amex Business Link, KEO brings a new working capital and cash management program to Canada,” added René Centeno, American Express’s Supply Chain Solutions Global Head. “With this announcement, we look forward to making business payments in Canada more seamless through automation.”
Farid Shidfar, Chief Innovation Officer and Co-Founder of KEO World, commented, “We have built a game-changing settlement platform that will provide significant value to the Canadian B2B payments landscape. We anticipate an exciting journey ahead as we continue to innovate.”
KEO World’s expansion into Canada, powered by Amex Business Link, marks a pivotal step in enhancing the efficiency and reach of B2B payments and financial management.