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Rapyd Acquires Hong Kong-based Neat to Expand Cross Border Trading Capabilities for Businesses

Rapyd | January 31, 2022

Rapyd_Acquires_Hong
Rapyd, a global Fintech-as-a-Service company, announces its acquisition of Hong Kong-based Neat to expand cross-border trading capabilities for businesses globally. Neat is a cross-border trading platform for SMBs and start-ups. The platform enables financial companies to securely incorporate and open an account in Hong Kong to receive and transfer multicurrency funds at competitive rates, issue them to employees, initiate payment gateways, and more.

Rapyd’s global payments network supports over nine hundred methods in over 100 countries. The network also supports global payouts in over two hundred countries. These networks are unique and support entrepreneurs and Small and Medium Businesses (SMBs) to incorporate in new markets quickly online. In fact, by utilizing Rapyd's unmatched payments network and fintech as-a-service platform, businesses and users can engage in regional and cross-border transactions in any market. In addition, the easy-to-use API-based platform simplifies complex cross-border payment processes, which are essential for businesses in the global trading system.

In this venture, Neat’s services, capabilities, and licenses will be integrated into Rapyd’s platform, which will provide easy-to-use online global trading solutions to SMBs, entrepreneurs, and other growing financial companies. With the help of the integration, the user will now be able to streamline payables and receivables across the world in a single venue that offers real-time high-value payments in Hong Kong through CHATS, SWIFT, and FPS. Apart from these, users can accelerate payments to suppliers across Greater China, empower small businesses to initiate their expenditure via virtual and physical virtual cards, and provide businesses to work faster in the capital with an in-wallet credit line.

The completion of 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."

Arik Shtilman, CEO and co-founder of Rapyd

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Spotlight

This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, ICO, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

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