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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

JANUARY 18, 2024

Neo also saw cleared volume double in just under a year, reaching over €7billion in 2023 alone, highlighting the growing demand from businesses for alternative banking options. It offers International Bank Account Numbers (IBAN) through which businesses can send and receive payments in 25 currencies.

Multi-Currency

Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border

Cross-border payments fintech Neo hits profitability after year of rapid growth

Fintech Finance

JANUARY 17, 2024

It also saw cleared volume double in just under a year, reaching over €7 billion in 2023 alone, reflecting growing demand from businesses for alternatives to traditional banks. There has also been an increased bank diversification drive since the banking crisis which highlighted the risks of relying on one or two banking partners.

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Cross-Border Payments Cross-Border Multi-Currency FinTech

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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

Cross-border payments fintech Neo hits profitability after year of rapid growth

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