admin A Hong Kong-based FinTech company Neat providing modern financial solutions to SMEs and startups, has declared increasing a USD11 million Series A funding round. Pacific Century Group (PCG) led the round with participation from Visa, and MassMutual Ventures Southeast Asia, amid others.
With the investment, Neat aims to continue its international expansion to support businesses that trade across borders.
Neat’s vision is to empower the entrepreneur economy, starting with multi-currency business accounts that can be opened online with a 15 minutes application, corporate expense cards, and the ability to send and receive money internationally.
Moreover, Neat and Visa have come into a strategic partnership, and in the coming few months Neat will start issuing Visa credit cards expected at cross-border SMEs.
David Rosa, CEO and Co-Founder of Neat informed, “Our goal is to offer a truly global solution for businesses that trade across borders, regardless of their size or how long they’ve been in the market. Corporate credit cards, for example, can be incredibly difficult for young businesses to get. We’re excited to partner with Visa, one of the leaders in digital payments, to offer a product that hasn’t always been accessible to young SMEs.”
Neat plans to create international trade almost frictionless by not only giving a way for customers to move money, but also making use of a wide ecosystem of tools that automates their business processes.
Almost 500M+ startups and other SMEs, funds from this round will be used to further Neat’s international expansion.
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