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 in Digital Banking for Corporate with “Neat Business”

Neat also announced the full launch of its ‘Neat Business’ product, an alternative to a traditional corporate bank account for entrepreneurs, startups and corporates who need a current account for their business that is dynamic and easy to use.

Neat Business follows Neat’s personal offering launched in 2017. Neat Business solves a problem faced by startups and entrepreneurs around the world who require options different from or in addition to traditional banks and corporate bank accounts.

David Rosa, CEO and co-founder of Neat said,

 

“Neat is committed to meeting the financial needs of an increasingly mobile and digital workforce. Thanks to our investment partners we can continue to address issues faced by early-stage and non-traditional businesses when they deal with traditional banks.

Customer Base for “Neat Business” Growing

Neat already has customers in more than 100 countries with a new business signing up every 20 minutes. Neat’s customers include online digital businesses in the IT, e-commerce and consulting industries.

Following a successful beta period of Neat Business, Neat will use the new capital injection to focus on enhanced customer onboarding, new product features and attracting talent to the team.

Chris Kaptein, partner at Dymon Asia Ventures said,

“Technology has changed how we do business, which means the way business owners want to manage their company finances has changed as well. We believe that Neat understands better than any team we have seen that everything in banking revolves around the customer.

Featured image via business.neat.hk