# Neat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neat

- Industry: Financial Services
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.neatcommerce.com
- Total disclosed funding: $15M
- Latest round: Series A (Aug 19, 2020)
- Investors on record: 8

## About

Neat Limited is a fintech company offering innovative payment solutions designed to enhance transaction efficiency across multiple platforms, focusing on international payments for businesses worldwide.Neat Limited, founded in 2015, operates as a financial technology firm specializing in payment solutions. Headquartered in Hong Kong, the company has undergone strategic growth and recently was acquired by Rapyd Financial Networks Ltd. in December 2021. The founder's history is not specified, and the company has not publicly disclosed details regarding subsidiary relationships. To date, Neat Limited has engaged in a total of 5 funding deals, culminating in a Series A funding round in which it raised USD 4.00 mn, with Linear Capital Partners, MassMutual Ventures, Pacific Century Premium Developments, and Vectr Ventures among the investors.Neat Limited's offerings include a comprehensive suite of payment solutions that facilitate seamless transactions across various platforms. Their services encompass payment processing, digital wallet solutions, and cross-border payment services. These products cater to diverse industries such as e-commerce, retail, and financial services, enabling businesses to accept payments in multiple formats, including cards and local payment methods, thus addressing challenges in cross-border transactions. Neat's solutions are designed for a global client base, assisting businesses in key markets like North America, Europe, and parts of Asia.Neat Limited's revenue model is structured around a transactional framework that includes subscription services and transaction fees associated with their payment processing solutions. Businesses utilizing Neat's payment gateway incur fees based on transaction volumes, while those availing of digital wallet features may subscribe to premium service tiers for enhanced capabilities. Core services include their payment processing solutions, which aim to optimize business operations through efficient transaction handling.Looking ahead, Neat Limited intends to expand its product lineup, focusing on developing new payment solutions over the next year. The company is targeting expansion into additional markets in Asia by the end of 2023, aiming to enhance its service offerings and customer reach. The recent funding round of USD 4.00 mn will be utilized to support these growth initiatives, enabling the company to refine its technological capabilities and broaden its market presence.

## Funding rounds

- Series A, Aug 19, 2020, $4M — Pacific Century Premium Developments, MassMutual Ventures, Vectr Ventures, Linear Capital Partners
- Series A, Apr 8, 2020, $11M — Pacific Century Premium Developments, Sagamore Investments, Visa Inc., MassMutual Ventures, Linear Capital, Integra Partners

## Investors

- Pacific Century Premium Developments — Series A
- Sagamore Investments — Series A
- Visa Inc. — Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A
- Linear Capital (https://capitalatlas.ai/funds/linear-capital) — Series A
- Integra Partners (https://capitalatlas.ai/funds/integra-partners) — Series A
- Vectr Ventures (https://capitalatlas.ai/funds/vectr-ventures) — Series A
- Linear Capital Partners — Series A