- Neon says it has more than 9 million accounts today;
- This is Neon’s third and largest investment round.
The Brazilian fintech Neon announced on Wednesday that it received an investment of $300 million in a round led by General Atlantic. The round also includes BlackRock, Vulcan Capital, PayPal Ventures and Endeavor Catalyst, as well as Monashees and Flourish Ventures, investors from previous rounds. BBVA is also part of the round via Propel Venture Partners.
Founded in 2016 by Pedro Conrade, Neon says it has more than 9 million accounts today. The fintech says it will use the resources of the new round to expand the credit offer, launch new products for individuals and companies and increase the hiring of professionals.
This is Neon’s third investment round. The company raised BRL 72 million in Series A, in 2018, with Propel Venture Partners, Monashees, Quona Capital and Omidyar Network, today Flourish Ventures. In November last year, it raised BRL 400 million in a round led by General Atlantic and Banco Votorantim.