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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. “So, we built a solution using our own proprietary software which simplifies cross-border payments, FX and treasury, giving them everything they need to expand internationally, all in one place.

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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.