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 banks could play a role in developing it further. Click here to read more The post News: Neo in The Banker appeared first on Neo ..read more

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 of €5 million and an annual profit of €1 million. It also saw cleared volume double in just under a year, reaching over €7 billion in 2023 alone, reflecting growing demand from businesses fo ..read more

Money 20/20 is the world’s biggest, most influential gathering of the global money ecosystem, where visionaries, innovators, and leaders come together to discuss and explore the latest trends and developments in the financial world. This year’s event promises to be a special one and we’re looking forward to meeting fellow industry experts in Las Vegas, sharing thoughts on the latest market trends and where the industry is headed. With trailblazers like Ben Horowitz, Andreessen, Emilie Choi, Coinbase, Ariel Cohen, Navan, Ken Cornick, Clear and Ali Ghodsi, Databricks set to take the floor, we’re ..read more

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. Click here to read more The post News: Neo in Alt Fi appeared first on Neo ..read more

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, reflecting growing demand from businesses for alternatives to traditional banks. The vast majority of businesses rely on traditional banking for their FX and payment needs but the banking crisis highlighted the ..read more

A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. The report entitled, ‘Growing pains: the escalating cross-border payment challenges for SMEs’, highlights that traditional banking partners are failing to meet SMEs’ cross-border payments needs.  Click here to read more The post News: Neo in Treasury Management International appeared first on Neo ..read more

A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. Click here to read more The post News: Neo in IBS Intelligence appeared first on Neo ..read more

A new report by Neo, a provider of FX and payments services, reveals that SMEs continue to rely heavily on traditional banks for cross-border payments, leading to challenges in terms of cost and speed. Click here to read more The post News: Neo in Trade Finance Global appeared first on Neo ..read more

Neo, the treasury management, payments and FX fintech, has launched a report on SMEs’ cross-border payment challenges. Neo surveyed CFOs and treasurers at UK-based SMEs with cross-border operations, in a bid to query them regarding the obstacles encountered when transferring funds overseas and the risk management strategies that they employ.  Click here to read more The post News: Neo in The Paypers appeared first on Neo ..read more

London, 26th July 2023 – A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. The report entitled, ‘Growing pains: the escalating cross-border payment challenges for SMEs’, highlights that traditional banking partners are failing to meet SMEs’ cross-border payments needs.  Nearly four-fifths (78%) of SMEs rely on traditional banks for cross-border payments. Their biggest pain point was unfair pricing which over half of SMEs (55%) state ..read more