Rapyd completes acquisition of Neat

Neat's services, capabilities, and licenses will be integrated into Rapyd's platform, providing an online global trade solution optimised for SMBs, entrepreneurs, and growing companies. With the integration of Neat, users will now be able to:

• incorporate new companies in minutes, streamline receivables and payables in a single venue, starting 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;

• accelerate payments to suppliers across Greater China;

• augment smart business and employee spending via virtual and physical Visa cards;

• provide eligible businesses with working capital through an in-wallet credit line.

Rapyd company officials stated that completing the acquisition of NEAT represents a step forward in expanding their platform's global capabilities for small and medium businesses. As SMBs have evolved into complex enterprises, the tools they require must advance as well in order to keep pace with the demands of this new wave of micro-multinationals, they added.