Neat, a Hong Kong based fintech company offering modern financial solutions to SMEs and startups, has become a member of the Visa network and will issue its own Neat Visa card for businesses incorporated in Hong Kong.
As a member of Visa, Neat is able to issue its own payment products, tapping into Visa’s global network and offering an enhanced customer experience.
For entrepreneurs, corporate cards, though a crucial business tool, can be difficult to obtain. Small businesses are often restricted by unreasonably low spending limits, poor visibility of their spending data and hefty monthly fees.
With the new Neat Visa card, customers will have more control over their business finances. They are able to set their own monthly spending limits, view enhanced expense tracking and set up instant transaction notifications. Customers will also receive 1% cashback on all purchases.
Prior to this, Visa had participated in Neat’s Series A funding round which rasied US$ 11 million.
David Rosa, CEO of Neat commented,
“Neat becoming a member of Visa is a true testament to the hard work of the team and the substantial investments we have made scaling up our company to offer a world-class customer experience. Our new Neat Visa card really gives SMEs the flexibility and control they need over their spending. We are proud to be helping SMEs and entrepreneurs grow their businesses across borders.”
Maaike Steinebach, General Manager, Visa Hong Kong and Macau said,
“Having access to commercial cards and products should not be limited to a handful of big corporations. The Neat Visa card can help small and medium sized businesses optimise their cash flow and tap into Visa’s global network and other exclusive business services. Visa is really excited to be part of Neat’s journey to bring better customer experience to SMEs and entrepreneurs in Hong Kong.”
The Neat Visa card is available for Hong Kong incorporated businesses now.
Featured image: Neat
