KEO Capital has launched operations in Canada through a new subsidiary, Workeo Canada, bringing its business-to-business payments and working-capital platform to Canadian companies.
The expansion follows the signing of a revolving senior loan facility of up to $50 million with an unnamed Canadian bank. The financing will support KEO Capital’s efforts to provide Canadian businesses with access to working capital and local-currency payment solutions.
Through its Workeo platform, KEO Capital connects buyers and suppliers within a single digital ecosystem. Businesses approved for financing can access a revolving credit facility to pay supplier invoices and other operating expenses while extending their own payment terms.
The model is intended to give buyers more flexibility in managing cash flow while helping suppliers receive payment sooner, addressing the lengthy payment cycles common across many business-to-business transactions.
“Launching KEO Capital’s operations in Canada marks an important milestone in the roll-out of our Workeo platform,” said KEO Capital CEO Roberto Marchiori.
“Establishing a foothold in such an important, dynamic, and significant market enables us to provide local-currency payment solutions to help more businesses improve cash flow, strengthen supplier relationships, and manage payments.”
KEO Capital said Workeo uses blockchain technology to support secure, transparent, and immediate payment execution for local business transactions. The platform also offers flexible payment terms and tools for managing payments between buyers and suppliers.
The company is targeting mid-market and enterprise customers in sectors including manufacturing, construction, logistics, wholesale distribution, professional services, healthcare, and multi-location retail.
Founded in Sweden, KEO Capital has operated in Latin America since 2020. The company said it is establishing a long-term Canadian presence supported by a dedicated local leadership team.
KEO Capital’s Canadian services are available in Ontario, British Columbia, Alberta, Manitoba, and the Atlantic provinces, although availability may differ depending on provincial regulations. The company is not currently offering services in Quebec or Saskatchewan.
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