9 April 2020 – Zelig is pleased to announce that it acted as exclusive financial adviser to Neat, a Hong Kong-based FinTech company offering modern financial solutions to SMEs and startups, on its USD11m Series A funding round. Pacific Century Group led the round with participation from Visa and MassMutual Ventures, among others. With the investment, Neat plans to continue its international expansion to support businesses that trade across borders.
Neat’s vision is to enable the entrepreneur economy, starting with multi-currency business accounts that can be opened online with a 15-minute application, corporate expense cards, and the ability to send and receive money globally.
Additionally, Neat and Visa have entered into a strategic partnership, and in the next few months Neat will begin issuing Visa credit cards aimed at cross-border SMEs.
Neat aims to make international trade nearly frictionless by not only offering a way for customers to move money but also making use of a wide ecosystem of tools that automates their business processes (payroll, accounting, logistics, etc.) to ultimately enable anyone to run an international business with ease.
“We believe in making frictionless cross-border trade a reality for ambitious businesses around the world. This capital injection is going to power our growth in enabling young SMEs to operate smoothly between Europe and Asia. The success of this round has been a clear endorsement that we’re headed in the right direction.”David RosaCo-Founder and CEO, Neat
Neat’s pre-Series A investors Dymon Asia Ventures, Linear Capital and Sagamore Investments, also participated in this Series A round.
Neat’s mission is to enable the entrepreneur economy – starting with fully digital multi-currency accounts built for today’s international entrepreneur. The Neat Business Account gives you the ability to send and receive money globally at more competitive exchange rates than you would get from a bank; access Neat corporate expense cards for online and offline spending, as well as ATM withdrawals; and also includes intuitive expense tracking and security features. Learn more at www.neatcommerce.com.
Zelig is an independent investment bank focused exclusively on FinTech. From offices in London, New York, Toronto, Munich and Tel Aviv, we provide financial and strategic advisory services to entrepreneurs, corporates and investors operating in the FinTech sector globally. For further information, please visit https://www.zeligassociates.com