Tag "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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7 Fintech Startups to Watch 2019 in Hong Kong

Hong Kong is investing heavily to become Asia’s top fintech hub. Among the key policies put in place this year to help it achieve its ambitions is a HK$500 million fund to develop financial services over the next half-decade, including

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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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Virtual Banks to Shake up Hong Kong Banking Landscape

Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The

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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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Top 12 Fintech Startups in Hong Kong

Hong Kong’s long-established financial center, burgeoning startup scene and developed business center connecting Mainland China with global markets, have made the location one of the world’s top fintech hubs in world. Deloitte has ranked Hong Kong as the fifth leading

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