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As entrepreneurs our businesses are always in motion: starting from an idea, to making a first sale, to expanding globally. We need a financial experience that evolves with us an experience that's still stable and secure, but adaptive too.Neat is built for today's global economy, where borders are disappearing and it's easier than ever to start a business. Neat believes in making international business a reality for entrepreneurs around the world.Today, Neat is a modern alternative to a bank, designed to support you wherever you go. Tomorrow, we're a platform for doing business: enabling the Entrepreneur Economy.
Neat is a mobile-first bank that enables both businesses and individuals to conduct their banking operations via a smartphone app. It offers a current account along with a Neat Mastercard that can be used at both online and offline channels. Users can open a new account without providing any proof of address, credit history and salary statement. Neat offers a local Hong Kong bank account number that can be used by individuals to receive payments and salary.
PRODUCTS & SERVICES
Neat product offerings include: 1). Neat business: Enables small and medium sized businesses to open bank accounts, receive payments, manage their finances, and disbursements from e-commerce platforms. 2). Neat personal: Enables individuals to open a modern current account from their phone, from anywhere in the world. The card offers exchange rate for over 50 currencies and can be used for both online and offline payments.
Neat offers free app service to the users. The company makes money by charges fee for special services such as shopping in foreign currencies and ATM withdrawals.
Neat uses AI technology to user payment data, creating distinct behavioral clusters combined with geolocation to offer personalized and local offers to users.
The company has launched prepaid credit cards that enable users to register instantly through facial recognition technology(Dec 2016).
The company says during it's beta period it has already seen customers in more than 100 countries sign up for Neat Business. (Jul. 2018)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funds to accelerate the release of new product features, attract further talent to the team and get its product ready for the Chinese market. (Oct. 2018)
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $4 M · Aug 2020
OTHERS · $3 M · Oct 2018
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