Visa and MassMutual Ventures Southeast Asia were among the participants in a round that lifted cross-border financial services company Neat's overall funding to $16m.
China-based cross-border financial account provider Neat raised $11m on Wednesday in a series A featuring payment services provider Visa and insurance firm Massachusetts Mutual Life Insurance.
The round was led by Pacific Century Group, an investment vehicle for the Li Ka-shing family, and included Dymon Asia Ventures, Linear Capital and Sagamore Investments, while Massachusetts Mutual invested through MassMutual Ventures Southeast Asia.
Founded in 2015, Neat provides small, cross-border enterprises with a unified account where they can manage financial services such…