Neat Software, also known as The Neat Company, is a cloud-based financial document management system designed to help individuals and businesses organize, digitize, and manage their documents efficiently. Founded in 2002, Neat initially offered a desktop expense tool and became the first vendor to develop a fully integrated software/hardware bundle. Over the years, Neat has evolved to focus exclusively on developing automated bookkeeping solutions in a SaaS and mobile framework.
Neat was founded by Les Spero and his son Rafi in 2002. The company started with NeatReceipts, a product that paired scanning hardware with software to organize and digitally manage scanned information. Neat quickly gained popularity, selling its products through kiosks and direct-sales programs. The company expanded its product line to include NeatDesk and NeatConnect, and in 2012, it launched Neat Cloud, allowing customers to upload invoices and receipts using mobile devices. By 2017, Neat had exited the hardware market to focus solely on cloud and mobile applications.
Neat has raised significant funding over the years to support its growth and development. The company has received backing from investors such as Edison Ventures. In 2025, Neat Labs, a subsidiary of Neat, was acquired by Lower, a leading digital mortgage lender. This acquisition aimed to integrate Neat's proprietary software into LowerOS, enhancing Lower's technological infrastructure and reducing loan origination costs. The financial details of the acquisition were not disclosed, but Neat Labs had raised over $50 million across seven funding rounds before the acquisition.
Neat offers a range of features designed to streamline document management and bookkeeping processes. Key features include:
In January 2025, Lower acquired Neat Labs to enhance its point-of-sale technology and create a fully integrated application-to-funding mortgage platform. This strategic acquisition aimed to streamline Lower's operations, improve user experience, and offer more robust financial products. The integration of Neat Labs' software into LowerOS marked a significant step in Lower's mission to leverage technology for growth and customer satisfaction.
Neat continuously updates its platform to enhance functionality and user experience. Recent updates include:
Neat's commitment to innovation and customer satisfaction has positioned it as a reliable and efficient solution for document management and bookkeeping.
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