Neat receives $11 million in Series A funding round

Hong Kong-based fintech Neat has secured $11 million USD in a Series A funding round. The funding round was led by Pacific Century Group while Visa and MassMutual Ventures were other funders.

According to Neat, this funding will be used to fuel expansion with a focus on Southeast Asian customers that do business with European companies. The company focuses on giving startups and small business an alternative to traditional banking.

“We believe in making cross-border trade a reality for ambitious entrepreneurs around the world. This capital injection is going to power our growth in enabling young businesses to operate smoothly between Europe and Asia – especially those in the export business. The success of this round has been a clear endorsement that we’re headed in the right direction.” said CEO and Co-Founder of Neat, David Rosa.

The service from Neat allows its clients to open business accounts for multiple currencies online, send and receive from different countries, and also apply for corporate credit cards.

Neat has also partnered with Visa Inc. to bring Visa credit card for Neat’s corporate clients and SMEs.