Maha Energy has partnered with Keo World to finance the latter’s corporate credit card program in Latin America.
Maha Energy and Keo World Partnership Details
The collaboration involves setting up a secured revolving credit facility of up to USD 100 million, supporting Keo’s B2B payment solutions and corporate credit card offerings for the next three years. The interest rate is set at 12% annually.
The credit facility is secured by an optimal collateral package comprising 100% of credit card receivables and available cash from Keo SPV.
Proceeds from this facility will enable Keo SPV to provide US-denominated credit to companies with strong credit profiles. These funds will support virtual B2B purchases, corporate travel, and administrative expenses under Keo’s issuing license with a tier-US payment rail provider.
Maha Energy’s Strategic Objectives
- Enhancing cash management efficiency;
- Improving balance sheet profitability;
- Creative long-term value for shareholders.
The complete collateralization of the facility allows for securitisation and separates cash flows, which enhances its appeal to key lenders while reducing credit risk.
This initiative also gives Maha Energy an option to acquire equity in Keo SPV, potentially benefiting from the growth of Keo’s fintech platform.
About Maha Energy
Maha Energy AB is an international-listed oil and gas company dedicated to active investments in energy, minerals, and related industries. The company seeks to build a diversified portfolio with robust business fundamentals, a balanced risk-return profile, and optimal cash flow potential.
In June 2025, Maha Energy launched a share buy-back program aimed at repurchasing up to 10% of its shares. This move was intended to optimize the company’s structure and provide flexibility for future acquisitions and incentive programs. Pareto Securities managed the execution of this initiative.
