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Neon

company

About

Neon is a digital bank that offers credit cards, personal loans, and investment products, among other services.

  • 1001 - 5000

Details

Last Funding Type
Series B
Last Funding Money Raised
R$400M
Industries
Banking,Credit,Financial Services,FinTech
Founded date
Jan 1, 2016
Number Of Employee
1001 - 5000
Operating Status
Active

Neon is a Brazilian fintech founded in 2016. The company emerged after the indignation of Neon's founder, Pedro Conrade, who after blowing R$ 1.00 from his checking account, discovered that his bank would charge R$ 46.00 of fee to start using the overdraft. When investigating his bills, Pedro realized that every year he spent his monthly salary on bank fees per month. Indignant, Pedro thought about the thousands of Brazilians who lose their money every year with abusive fees, from there Neon, the first digital account in Brazil, emerged.

Over the years, Neon has consolidated itself as one of the largest fintechs in the world, offering customers a complete portfolio with debit and credit cards without annuity, personal loans, payroll loans, investments in a simple way in CDB and CDI, cashback in debit, various forms of payment, among other products designed for Brazilian workers and without abusive fees. In addition, with MEI Fácil, the company offers financial services and education to individual micro-entrepreneurs throughout Brazil.

Today Neon has more than 1,600 employees and 15 million customers. The company grew its revenue three times in 2021 and the expectation for this year is to continue growing at an accelerated pace.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
R$400M $622M
Neon has raised a total of R$400M $622M in funding over 2 rounds. Their latest funding was raised on Feb 14, 2022 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 14, 2022 Series D $300M 1 Propel VC Detail
Sep 2, 2020 Series C $300M 1 Detail
Nov 18, 2019 Series B R$400M 1 Detail
May 2, 2018 Series A $22M 1 Propel VC Detail

Investors

Number of Lead Investors
Number of Investors
2
1
Neon is funded by 1 investors. Propel VC are the most recent investors.
Investor Name Lead Investor Funding Round
Propel VC Yes Series D