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Neo Surpasses €25 Billion in Corporate Payments
Neo, the cross-border payments and foreign exchange (FX) today, announced it has cleared more than €25 billion in payments through its corporate multi-currency accounts since its launch in 2020.
More than €5 billion was cleared since January 2025 alone, with cross-border payments volumes increasing by over 50% year-on-year, highlighting the growing demand from corporates for proactive FX management amid global uncertainty and currency volatility.
As tariffs and geopolitical uncertainty drive sharp currency swings, treasurers are increasingly turning to hedging strategies and multi-currency access to protect margins and respond more flexibly to shifting trade conditions.
For many companies, traditional banking partners continue to favour large corporates with preferential rates and tailored service. By contrast, small and medium-sized enterprises (SMEs) often face higher costs, slower settlement times, and limited support.
Neo’s all-in-one treasury platform enables businesses to streamline their international operations. Clients can open international bank account numbers (IBANs) and make seamless payments in over 25 currencies. The platform delivers transparent FX execution, with average trading fees between 0.05% and 0.25% compared with the typical 1% to 3% charged by banks. Its wallet functionality allows firms to hold, organise, and exchange multiple currencies for instant payments, while a dedicated client service team supports cross-border operations end to end.
Since its inception, Neo has expanded to serve more than 400 corporate clients across 28 countries, with over 10,000 banks connected to its Bank Identification Code (BIC) on the SWIFT network. The company reached profitability in January 2024.
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.”
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