Members of the European Parliament voted earlier this month to pass a new regulation, provisionally agreed last year, requiring payment providers in the Single Euro Payments Area to enable instant payments, capped at €100,000, in 10 seconds or under. The regulation provides a boon to an area that has struggled to take off. Experts believe […]
In The Treasurer, our Founder and CEO Laurent Descout explores how EU instant payments rules are piling pressure on banks to update their systems and what it means for corporates.
Barcelona-based corporate neobank Neo has hit profitability and says it is unlikely to need external funding to grow its business in Europe. The cross-border payments and FX fintech reported €1 million in profit in 2023, compared to a €1 million loss in 2022.
Barcelona and London, 17 January 2024 – Neo, the cross-border payments and FX fintech, has today announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs. The Barcelona-based fintech which provides a one-stop-shop multi-currency account for corporate treasurers recorded an annual revenue in excess […]
In City A.M., our Founder and CEO Laurent Descout comments on the Autumn statement and the Chancellor’s plans to merge R&D support schemes. It is essential for the growth of start-ups that SMEs are entitled to the highest rate of relief possible.
In Crowdfund Insider, our Founder and CEO Laurent Descout highlights that SMEs are being let down by banks, as they pump on the brakes in providing credit.
In SME News, our Founder and CEO Laurent Descout discusses the FX challenges SMEs face and how they’re tackling them.
Neo, the cross-border payments fintech, has today announced it has cleared more than €10 billion through its corporate multi-currency accounts since launch in 2020. The firm which provides a one-stop-shop account for corporate treasurers has seen its cleared volume double in just under a year, reaching €5 billion in 2023 alone, reflecting growing demand from […]
SME cross-border payments fintech Neo has now cleared €10bn in payments since its launch in 2020. The fresh milestone doubles the last €5bn figure that Neo passed in October 2022, less than 12 months ago.
Barcelona and London, 26th September 2023 – Neo, the cross-border payments fintech, has today announced it has cleared more than €10 billion through its corporate multi-currency accounts since launch in 2020. The firm which provides a one-stop-shop account for corporate treasurers has seen its cleared volume double in just under a year, reaching €5 billion in 2023 alone, […]
Official foreign currency exchange partner
