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

Fintech Finance

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. It offers International Bank Account Numbers (IBAN) through which businesses can send and receive payments in 25 currencies.

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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

Cross-border payment and FX fintech firm Neo is celebrating profitability – as an increasing number of SMEs explore alternatives to banks to manage their international business needs. It offers International Bank Account Numbers (IBAN) through which businesses can send and receive payments in 25 currencies.

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Amid Inflation Worries, Colombian Fintech Taps Euro Yields to Protect Latin Americans’ Savings

Fintech Review

This new offering allows Littio users in Latin America and Europe to instantly create a EURO IBAN account and earn stable yield on their holdings, with no minimums, which is unmatched by any other EUR-based bank account options on the market today. These are not people without bank accounts.