Neo processes $27bn in corporate payments since 2020

By Vriti Gothi

Neo, the international payments and foreign exchange (FX) FinTech, has processed more than $27 billion in corporate payments through its multi-currency accounts since its launch in 2020. This reflects the rapid acceleration in demand from businesses adopting proactive FX management strategies to navigate global currency volatility.

In the first eight months of 2025 alone, Neo cleared more than $5.4 billion, with cross-border payment volumes rising over 50% year-on-year. This surge underscores a structural shift in the way corporates manage treasury operations, as geopolitical tensions, tariffs, and fluctuating exchange rates continue to reshape global trade dynamics. Treasurers are increasingly seeking solutions that provide real-time visibility, cost efficiency, and resilience in managing liquidity and international transactions.

Unlike traditional banking institutions that typically prioritise large corporates with tailored rates and services, SMEs often encounter higher costs, slower settlements, and limited support. Neo’s integrated treasury platform directly addresses this imbalance. Businesses using the platform can open international bank account numbers (IBANs), execute payments in more than 25 currencies, and access transparent FX pricing, with average trading fees ranging between 0.05% and 0.25% compared with the 1% to 3% typically charged by banks. Its wallet functionality enables clients to hold, organise, and exchange multiple currencies for instant settlement, while dedicated client service teams support treasury operations end to end.

Since its inception, Neo has built a network of more than 400 corporate clients across 28 countries and connected with over 10,000 banks through its Bank Identification Code (BIC) on the SWIFT network. The company reached profitability in January 2024, further strengthening its market position as a trusted partner in corporate treasury innovation.

Laurent Descout, co-founder and CEO of Neo, said, “As tariffs and trade barriers extend inventory cycles and tie up working capital, fast and cost-effective cross-border payments are essential to maintaining liquidity and reinvesting in growth. The fact that 20% of our total volume to date was processed this year alone highlights both the scalability of our platform and the trust we’ve earned from clients navigating volatile markets.”