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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

JANUARY 18, 2024

The Barcelona-based fintech provides a one-stop-shop multi-currency account for corporate treasurers and recorded an annual revenue of over €5million and an annual profit of €1million. Neo has been able to help businesses through its multi-currency account.

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Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border 109
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Cross-border payments fintech Neo hits profitability after year of rapid growth

Fintech Finance

JANUARY 17, 2024

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. This has prompted company treasurers to diversify their banking pools and look to fintech providers as an alternative.

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Cross-Border Payments Cross-Border Multi-Currency FinTech 59
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