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April 8, 2020

Hong Kong fintech Neat adds Visa as investor in $11m funding round

Hong Kong fintech start-up Neat has secured $11m in the Series A funding round which was also joined by payments giant Visa.

The funding round was led by Pacific Century Group (PCG) and participated by MassMutual Ventures.

Neat’s seed investors Dymon Asia Ventures, Linear Capital, and Sagamore Investments also joined the round.

The latest funding brings the total funding raised by the company to date to $16m.

The fintech firm will use the funding to further invest in customer support to provide around-the-clock services to customers.

Neat also intends to create the next generation of Neat credit cards in partnership with Visa for its business customers.

Neat has already set up an office in London. Now it intends to open an office in South East Asia to streamline cross-border trading for export businesses.

Last year, the company opened an office in Shenzen to target Chinese exporters.

Neat co-founder and CEO David Rosa said: “We believe in making cross-border trade 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.”

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