Search Results for "neat"

Neat Snubs Virtual Banking License and Picks Up The Money Lender License Instead

The fintech startup Neat, a digital banking alternative, has been granted a Money Lender’s License in Hong Kong, which marks their first step in their pursuit of global financial regulation. The move also marks Neat’s full turn away from virtual

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Neat Reveals One Key Problem With HKMA’s Virtual Banking License and Why They Won’t Bother

The Hong Kong Monetary Authority (HKMA)’s decision to set up the virtual license is often seen as a strategic move, if a tad overdue. Reportedly, the regulator saw over 29 applications, which rumour has it, includes companies like Ant Financial,

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Neat First to Join Xero’s New Open Banking API for Accounting

Xero, a cloud-based accounting software platform geared for SMEs, announced the launch of its open banking API in Hong Kong, which would link up banks, fintechs and financial institutions. Xero has 1.6 million subscribers in over 180 countries including Hong

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Local Virtual Bank Neat, Scores US$3 M Funding Led by Linear Capital

Hong Kong-based challenger bank Neat, announced a US$3 million funding round led by China-based VC Linear Capital, an early stage venture focusing on data-driven startups. This brings the total funding raised by Neat this year to US$5 million. Existing investors

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Neat Bundles Up Invoice-Buying P2P Startup to Sell Discounted Services

Invoice financing company Capital Match, and SME current account platform Neat, announce a stronger partnership. Through this collaboration, both parties hope to provide more cost-effective account management and financing services geared towards SMEs in Hong Kong through their collaboration. Established in

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Neat Receives 2 Million USD in Fresh Funding, Launches Digital Banking for Corporates

Neat, a Hong Kong-based digital alternative to a traditional bank, announced a USD 2 Million funding round from Singapore-based investor Dymon Asia Ventures, and Portag3 Ventures based in Montreal – the latter making its first investment in Asia. Neat’s Thrust

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Hong Kong Mobile Banking Startup Neat To Begin Beta Testing

Neat, a neo-bank in Hong Kong, will start releasing invites to its app at its beta events on December 07, 08 and 13. Announced earlier this year, the new service promises a new banking experience that is entirely digital targeted

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Meet Hong Kong’s 4 New Virtual Banks

Hong Kong Monetary Authority (HKMA) recently announced the first three recipients of the virtual banking licenses. This is quickly followed within the following week by yet another announcement of a new company approved to operate a virtual bank. Despite the

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Li Ka-Shing Backed WeLab is the First Homegrown Fintech Granted Virtual Banking License

WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first homegrown Hong Kong fintech company to establish a virtual bank. This brings the total number of approved virtual banking players in Hong

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Even This Fintech Unicorn Thinks Hong Kong’s Virtual Banking License is Too Restrictive

The virtual banking race is on for different regions across the globe, and the Hong Kong Monetary Authority (HKMA) has put its hat in that race with the virtual banking license, as part of a larger plan to turn Hong

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