Finance Breaking news Hong Kong fintech Neat extends Series A by a further $4 million last financial news
Breaking-Finance.Com - Neat, a Hong Kong-based fintech offering multicurrency accounts to SMEs and startups, has raised a $4 million extension to its $11 million Series A round closed in April.
Breaking-Finance.Com - Neat, a Hong Kong-based fintech offering multicurrency accounts to SMEs and startups, has raised a $4 million extension to its $11 million Series A round closed in April. Existing investors MassMutual Ventures, Pacific Century Group, Linear Capital and Robby Hilkowitz as well as new investor Vectr Fintech participated in the Series A Extension. Mastercard and Visa both contributed to the April first round.After opening an office in Shenzhen in 2019 targeting Chinese exporters, Neat has just opened a new office in London and is set to kick off local operations in Western Europe to also serve the other side of the market: European entrepreneurs trading with China.
. David Rosa, CEO of Neat, comments: “Some of the world’s most successful companies were born during or just after the financial crisis of 2008, think of WhatsApp and Uber. The majority of businesses founded during Covid-19 will have a digital-first mindset, which means they will have an opportunity to start trading globally from day one."He says Neat's ultimate goal beyond cross-border money movement, is to provide small businesses with a wide-range of tools in payroll, accounting and supply chain logisitics to remove the friction from trading overseas.
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