In brief: Hong Kong ‘challenger bank’ Neat raises funds

Neat, a Hong Kong-based fintech company, today announced a US$3 million funding round led by China-based venture capital firm Linear Capital […] Existing investors including Dymon Asia Ventures and Portag3 Ventures also participated in the latest round, as well as Hong Kong-based Sagamore Investments.

Source: Neat

Neat, which has customers in more than 100 countries, offers online multi-user banking accounts aimed at enterprises. Companies can set up a Neat Business account in 10 minutes, and they get a Hong Kong bank account number as well as Mastercard debit cards. Users get access to a dashboard that provides an overview of their company’s finances, and allows them to make and receive payments, manage payroll, and handle expenses.

Neat said it has raised a total of US$5 million so far this year, including the round announced today.