Hong Kong - based challenger bank Neat raised $ 3 m funding in an investment round led by start - up - focused Chinese venture capital firm Linear Capital . It has now secured $ 5 m in financing this year , with existing backers including Dymon Asia Ventures and Portag3 Ventures again involved . Neat introduced its customer service in 2017 with a budgeting and savings app , companion apps and facial recognition technology . It is targeting Chinese business start - ups incorporating in ##tel Kong and plans to utilise Linear ’s expertise there as well as its data mining expertise . The latest funding will help it move forward with product offerings and increasing staff .
Hong Kong-based challenger bank Neat raised $3m funding in an investment round led by start-up-focused Chinese venture capital firm Linear Capital. It has now secured $5m in financing this year, with existing backers including Dymon Asia Ventures and Portag3 Ventures again involved. Neat introduced its banking service in 2017 with a budgeting and savings app, companion card and facial recognition technology. It is targeting Chinese business start-ups incorporating in Hong Kong and plans to utilise Linear’s network there as well as its data science expertise. The latest funding will help it move forward with product releases and increasing staff.