Brazilian fintech Neon raises $80m to support credit portfolio expansion
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
Madeira brings engineering and product building expertise from stints at Google, Snap, and Coinbase.
Featuring Neon, Flutterwave, RapidRatings, Spotter and Genesis.
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
Brazilian challenger back secures Series C in same week as competitor Nubank.
“The cooperation with Neon gives Helvetia the opportunity to access new customers.”
TransferWise will tap neon’s 30,000 users.
The challenger tries to win ground from UK’s Revolut and Germany’s N26.
Neon currently has 2 million active users.
Neon will use Contovista technology for its payment data analysis needs.
Brazilian online bank Neon has launched – offering accounts only accessed through a smartphone. The bank, founded by 24-year-old entrepreneur Pedro Conrade, is targeting the millennial crowd and its goal is to reach 100,000 active customers in its first year of operation. Neon says it will be the first bank in Brazil to use biometric […]