Neat, a digital bank based in Hong Kong, announced earlier this week it secured a $2 million investment from Dymon Asia Ventures and Portag3 Ventures. Founded in 2015, Neat offers two banking products, Neat Business and Neat Personal. All banking with Neat is done through its smartphone app.
“Once you clear all the noise, traditional financing is based on making money by lending money to people. So instead of making money from getting you into debt, we want to be radically different. We want to empower you to stay on top of your finances.”
Speaking about the growth and development of the banking platform, the Neat team stated:
“As Neat has grown and evolved, we’ve come to better understand the challenges startups face when it comes to obtaining support from traditional banks. The paperwork, bureaucracy and long waiting times are an impediment to young dynamic companies who want to move fast and get things done. As many of you will have experienced, Neat Business is designed to keep up with you, allowing you to manage your finances and get your accounts in place, so that you can spend more time on what matters most: growing your business.”
According to the online banking startup, the new investment will drive the next wave of growth. Neat then added that it will be bringing customers some new features and tools very soon.