Neollet

What Neollet does

Neollet is a Georgian payment service provider operating a centralized clearing infrastructure and consumer-facing digital wallet. The company's core B2B product is a centralized clearing system that connects financial institutions seeking to expand payment channels with service providers that need to accept payments across both digital and physical channels. On the consumer side, Neollet operates the "My Profile" mobile application, which enables commission-free mobile balance top-up, remote online onboarding with digital identification, and an Auto Assistant feature for real-time monitoring of vehicle fines and technical condition.

The underlying technology is a centralized clearing platform registered with the National Bank of Georgia as a payment system provider, holding ISO 27001:2022 information security certification (Eurocert, certificate 00.15.0451) and Visa Payment Facilitator certification. The platform has processed 89,584,176 cumulative transactions, serves 68,679 registered users, and is utilized by 116 companies. Architecture emphasizes multi-channel interoperability — digital (mobile app, web) and physical (service centers, cash desk transactions) — rather than proprietary AI or machine-learning differentiation.

Neollet's business model combines transaction-fee revenue from B2B clearing services with a zero-fee consumer acquisition strategy via commission-free mobile balance top-ups. The company sells both directly to individual consumers through a product-led, self-serve mobile channel and to enterprise clients (financial institutions, service providers) through a field/enterprise sales motion. Founded in 2009, Neollet was acquired in full by Money Movers (მანი მუვერსი) on December 9, 2025, with its customer base and service portfolio absorbed into the acquirer's operations. The entity is no longer independently operating as of the acquisition closing date.

Name

Neollet

Legal name

Neollet

Website

https://neollet.com

Company type

Private

Founded year

2009

Operating status

Acquired

Headcount range

101–250 employees

Short description

Neollet is a Georgian payment service provider offering a centralized clearing platform for financial institutions and a consumer-facing digital wallet (My Profile app) for commission-free mobile balance top-up and vehicle monitoring, serving 116 companies and 68,679 users. Fully acquired by Money Movers in December 2025.

Ownership category

akta.pro rank

Product category

Mobile Payment Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro industry

PRIMARYBPAMAFAD

Digital Banking & Neobank Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYFSAGAAAD

Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value)

Financial & Insurance/Financial Technology (Fintech)/Digital Banking & Neobanking Platforms

SECONDARYFSABAFAF

Embedded/Platform Neobanks (Banking-as-a-Feature)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Digital/Challenger Banks (Neobanks)

SECONDARYFSABAFAA

Retail-focused Neobanks (Mass Market)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Digital/Challenger Banks (Neobanks)

Keywords

• Digital wallet services
• Mobile payment processing
• Payment clearing platform
• Electronic payment services
• Mobile balance top-up

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Payment Processing and Transactions: Payment ecosystem processing transactions across digital and physical channels. Platform handles 89,584,176 transactions serving 68,679 users and 116 companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Neollet operates a digital financial services platform centered on the "My Profile" consumer mobile wallet application, which enables commission-free mobile balance top-up, remote online onboarding and identification, and real-time vehicle monitoring (fines and technical condition). For businesses, Neollet provides a centralized clearing system that allows financial institutions and service providers to expand payment acceptance across digital and physical channels. The platform has processed 89,584,176 transactions serving 68,679 users and 116 companies in Georgia.

Product overview

Neollet operates as a mobile financial services provider, offering consumer-facing and B2B solutions. The core consumer product is the My Profile mobile application, which provides digital wallet functionality including mobile balance top-up without commission and remote online onboarding/identification. The B2B offering includes a centralized clearing service for financial institutions and service providers. Neollet was acquired by Money Movers in December 2025, with its customer base and service portfolio being fully transferred.

Differentiator

Problem solved

Functional benefit

Products and services

• My Profile Mobile Application

Quantifiable outcome

• 89,584,176 transactions processed across platform
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Paysera: Lithuania-headquartered fintech with presence across the Caucasus/Eastern Europe offering e-wallets, payment processing, and merchant acquiring. Comparable as a regional emerging-market multi-rail digital payments platform operating adjacent to Neollet's clearing and wallet footprint.
• Payme: Caucasus/Central Asia consumer payments app offering mobile wallet, top-up, QR payments, and merchant services. Comparable business model (mobile-first wallet, commission-based acquiring) in a similar emerging-market regulatory and product context to Neollet.
• Click (Click.uz): Regional emerging-market digital wallet with mobile top-up and merchant payments. Comparable product set (consumer wallet + balance top-up + payment acceptance) in a similarly regulated emerging-market jurisdiction.

Broad incumbents

• TBC Bank Georgia: Second-largest Georgian bank with a fully-fledged digital super-app (TBC app) covering payments, transfers, balance top-up, and merchant acquiring. Overlaps with Neollet's My Profile app on consumer wallet use cases and with the B2B clearing product on payment-processing rails.
• Bank of Georgia (BOG): Largest commercial bank in Georgia with deep digital wallet and payments app (SOLO). Directly comparable as a Georgian incumbent offering consumer wallets, top-up, and merchant payment acceptance; broader portfolio that overlaps Neollet's consumer wallet and clearing niches.
• Liberty Bank (Georgia): Top-3 Georgian commercial bank offering consumer and corporate banking with digital channels. Comparable as a Georgian incumbent competing for the same merchant and consumer payments franchises Neollet serves.

Others

• Wallet Factory: White-label digital wallet and payment platform provider for banks and fintechs across Eastern Europe and CIS. Comparable as an adjacent infrastructure provider building the wallet/clearing tech stack that Neollet's My Profile and clearing service are built on.

Regional players

• Credo Bank: Georgian microfinance and consumer bank with growing digital services. Comparable as a regional Georgian institution competing for payments, top-up, and digital wallet usage among Georgian consumers.

Direct peers

• Space International / my.ge: Georgian fintech operating consumer digital-wallet and online payment services including bill pay, top-up, and merchant payments. Most direct comparable on the consumer wallet side given shared Georgian market, top-up focus, and PLG mobile onboarding.
• BOG subsidiary SOLO: Digital wallet/payments brand of Bank of Georgia serving Georgian consumers with mobile balance top-up, transfers, and merchant QR payments. Closest direct head-to-head competitor in the Georgian consumer wallet segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/neollet

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neollet