16 July 2018
Visit www.gemalto.com

Hong Kong digital bank Neat scores $2m funding boost

05 July 2018  |  6573 views  |  0 Hong kong modern buildings 5

Fresh off a US$2 million funding round, Hong Kong-based digital banking startup Neat has launched its first product for small businesses.

Singapore-based investor Dymon Asia Ventures and Montreal's Portag3 Ventures have put money into Neat, which was co-founded by former Citibank veteran David Rosa.

Neat launched its personal banking service last year, offering a smart budgeting and savings app with a companion card, using facial recognition technology to authenticate customers at log-in.

The firm is now making a play for SMEs and entrepreneurs. A beta period has already seen customers in more than 100 countries sign up for Neat Business but now the latest capital injection will be used to accelerate onboarding, as well as bring in more talent.

Neat Business offers a multi-user business account - accompanied by Mastercard debit cards - that provides businesses anywhere in the world with a dedicated Hong Kong bank account number.

Signup takes 10 minutes, after which customers get access to a dashboard providing a simple overview of the state of all finances, and features mechanisms for receiving payments, payroll and expense management. Users can also make payments to more than 60 countries at the click of a button.

Says Rosa: "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."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Hong Kong to get new mobile bank

Hong Kong to get new mobile bank

21 March 2016  |  15462 views  |  1 comments | 29 tweets | 23 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit www.aciworldwide.com

Who is commenting?

A Finextra member Finextra Member Commented on: Mastercard enlists Wor...
Suresh K Suresh K Commented on: I am the password
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9810 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8354 views comments | 3 tweets | 1 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8243 views comments | 13 tweets | 17 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
7799 views comments | 6 tweets | 14 linkedin
Faster Payments outage delays thousands of transactionsFaster Payments outage delays thousands of...
7158 views comments | 8 tweets | 19 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job