Maha Energy has announced a strategic partnership with fintech company Keo World to finance its corporate credit card program in Latin America. The collaboration includes a secured revolving credit facility of up to USD 100 million over a three-year term at an annual interest rate of 12%. The facility will fund Keo’s B2B virtual payment solutions and corporate expense credit offerings.
The loan is fully secured through 100% of credit card receivables and available cash held by Keo SPV, enabling sale securitisation and minimizing credit risk. The proceeds will allow Keo to issue US dollar-denominated credit to corporates with solid financial standing for business travel, procurement, and administrative needs.
The transaction aligns with Maha Energy’s broader strategy of optimizing balance sheet returns, improving cash management, and delivering shareholder value. It also gives Maha an option to acquire equity in Keo SPV, potentially gaining exposure to the fintech’s growth.
This move underscores Maha’s transition from a traditional energy player to a diversified investment entity with a growing interest in fintech and financial infrastructure. It follows Maha’s recent share buyback initiative aimed at enhancing capital structure and acquisition flexibility.
