• KEO World, a B2B BNPL provider, has raised USD 20 million in equity funding led by Montreux Growth Partners with participation from Mayberry Investments and Avior. The round coincides with a debt facility from Hayfin Capital Management. 

• The funding will support the company’s plans to expand operations and lending activities across the US and LatAm. It will also divert part of the funds to further developing “Workeo,” which targets small and medium-sized businesses.

<ul><li> Analyst QuickTake: The company recently finalized a USD 500 million debt facility to expand into Mexico. The B2B space has seen more players emerging and raising funding in the recent past, such as US-based Vartana , German players Topi and Billie , US-based Affirm spin-out Resolve , and Brazil-based TruePay .</ul>