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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

It offers International Bank Account Numbers (IBAN) through which businesses can send and receive payments in 25 currencies. ” Neo now works with more than 300 corporates across 28 countries – with more than 8,000 banks connected to its Bank Identification Code (BIC) on the SWIFT network.

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

Fintech Finance

It offers International Bank Account Numbers (IBAN) through which businesses can send and receive payments in 25 currencies. Laurent Descout, co-founder and CEO of Neo , said: “When we founded Neo, we knew that businesses were being underserved by treasury management software and banks which was holding back their international aspirations.