Hong Kong – Global Fintech-as-a-Service company, Rapyd, has concluded the acquisition of Neat, a Hong Kong-based cross-border trade enabling platform for small and medium businesses (SMBs) and startups.
Rapyd’s global payments network supports more than 900 payment methods in over 100 countries and global payouts in over 200 countries making it uniquely suited to support entrepreneurs and SMBs looking to incorporate, get online, and access new markets quickly and inexpensively
With the integration of Neat, users will now be able to incorporate new companies in minutes, streamline receivables and payables in a single venue, start with Hong Kong and soon in other trade-friendly markets around the world, offer real-time high-value payments in Hong Kong via FPS, CHATS, and SWIFT, and accelerate payments to suppliers across Greater China, as well as empower smart business and employee spending via virtual and physical Visa cards, and provide eligible businesses with fast working capital through an in-wallet credit line.
Arik Shtilman, Rapyd’s CEO and co-founder, shared that completing the acquisition of Neat represents a significant step forward in expanding our platform’s global capabilities for small and medium businesses.
“As SMBs have evolved into increasingly complex and ambitious enterprises, the tools they require must advance as well in order to keep pace with the demands of this new wave of ‘micro-multinationals.’ We will continue to add more tools to our network in order to continue to support these growing businesses,” said Shtilman.
