KEO World Inc., a Miami-based lending fintech infrastructure platform specializing in embedded credit B2B payments, has entered into a binding agreement to combine its GTC business with MAHA Capital AB, a publicly listed investment company on Nasdaq Stockholm, aiming to strengthen its financial foundation and accelerate global expansion.

This transaction will provide the combined entity with approximately USD 155 million of equity, earmarked for the GTC program. MAHA Capital contributes over USD 120 million in cash and liquid assets, supplemented by an additional USD 35 million from KEO’s investors. As part of its growth strategy, the combined company also intends to pursue a dual listing on Nasdaq in the United States to broaden investor access, enhance liquidity, and establish a global market presence.

Under the terms of the agreement, KEO World will transfer its GTC operations, including its Special Purpose Vehicle (SPV) and Keo Puerto Rico LLC, which holds an American Express issuing license, to MAHA Capital. Following the completion of this transfer and subject to performance milestones, KEO World will become the majority shareholder of the combined entity. KEO founder Paolo Fidanza is proposed to serve as Chairman, and KEO will nominate directors, pending regulatory and company approvals.

The GTC program, launched by KEO World in 2022, is designed to assist multinational and offshore companies in efficiently managing U.

S. dollar expenses, such as travel and lodging. The program also delivers foreign exchange (FX) efficiencies and centralized financial control for these businesses.

With MAHA Capital’s resources and infrastructure, the combined entity plans to expand these solutions across Latin America, the Caribbean, and Canada. This expansion aims to support multi-billion-dollar transaction volumes annually. The combined entity also intends to pursue up to USD 400 million of low-cost leverage, expand its technology offering with AI-driven tools, and enhance its client portfolio.

Founded in 2020, KEO World provides technology-based financial solutions to businesses, focusing on digital financing for supplies and cash flow efficiency. Headquartered in Miami, Florida, KEO World operates in the U.

S., Canada, Mexico, and throughout Latin America, and was the first non-bank financial institution to obtain an American Express issuing license. In line with the founders’ vision, the companies will also work to establish a program dedicating part of the profits to altruistic initiatives.