Neon is a Brazilian Fintech that provides digital banking services.
Neon's mission is to unite technology and design to redesign and simplify people's financial experience.
Neon was founded in 2016 by Pedro Conrade and is based in São Paulo, São Paulo, Brazil.
Neon offers a free digital account with no monthly fee, no agency or paperwork.
Neon launched with a simple digital account and has since expanded its product suite to include investment products, credit cards, and personal loans, among other new offerings and features. It has expanded its initial focus on consumer clients to also serve small businesses, accelerated by its acquisition of MEI Fácil in 2019. Most recently, in July 2020, Neon acquired one of Brazil’s first brokerage platforms, Magliano Invest, in order to offer new investment products.
Neon Pagamentos has growing user base of around 9 million micro-entrepreneurs through its MEI Fácil platform, which provides tax and payments products.
Neon is backed by General Atlantic, BlackRock, Vulcan Capital, PayPal Ventures, Endeavor Catalyst, Omydiar Network, Monashees, Flourish Ventures, BBVA, Propel Venture Partners and others. The company raised $300M in Series C round on Sep 02, 2020. This brings Neon's total funding to $419.5M to date.