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.
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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.
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By GlobalDataNeat 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.”
