Neat, a digital bank group based in Hong Kong, announced on Tuesday it has become a member of Visa and rolled out its new Neat Visa card. This announcement comes less than six months after Neat secured an additional $4 million extension of its $11 million Series A investment round.
As previously reported, Neat stated it is built for today’s global economy, where borders are disappearing and it’s easier than ever to start a business. The company notably believes in making international business a reality for entrepreneurs around the world.
“As entrepreneurs, our businesses are always in motion: starting from an idea, to making a first sale, to expanding globally. We need a financial experience that evolves with us – an experience that’s still stable and secure, but adaptive too. Today, Neat is a modern alternative to a bank, designed to support you wherever you go. Tomorrow, we’re a platform for doing business: enabling the Entrepreneur Economy.”
Neat reported that with the new Neat Visa card, customers are able to have more control over their business finances, as well as able to set their own monthly spending limits, view enhanced expense tracking, and set up instant transaction notifications. The card also gives Neat customers 1% cashback on all purchases. Speaking about the new card, David Rosa, CEO of Neat, stated:
“Neat becoming a member of Visa is a true testament to the hard work of the team and the substantial investments we have made scaling up our company to offer a world-class customer experience. Our new Neat Visa card really gives SMEs the flexibility and control they need over their spending. We are proud to be helping SMEs and entrepreneurs grow their businesses across borders.”
Maaike Steinebach, General Manager, Visa Hong Kong and Macau, added:
“Having access to commercial cards and products should not be limited to a handful of big corporations. The Neat Visa card can help small and medium sized businesses optimise their cash flow and tap into Visa’s global network and other exclusive business services. Visa is really excited to be part of Neat’s journey to bring better customer experience to SMEs and entrepreneurs in Hong Kong.”
The Neat Visa card is now available for Hong Kong incorporated businesses.