Neon

img São Paulo, Brazil
Industries

Neon is a Brazilian fintech, founded in 2016, whose mission is to unite technology and design to redesign and simplify people's financial experience. With more than 250 employees, in 2018, Neon raised R $ 72 million of Series A investments in a round led by Propel Ventures, Monashees and Quona, which also featured Yellow Ventures, Omydiar Network and Tera Capital. With digital account being the main product, fintech has a partnership with Banco Votorantim for custody and settlement of its accounts.

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The Ultimate Guide to Venture Capital in Brazil 2020

16 hours ago

Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]

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Fintech ADDI raises US$15 million through Quona Capital

1 month ago

Contxto – Funding may be tight within the current Covid-19 context, but some startups are still closing equity deals. This is fintech ADDI’s case. Yesterday (21), the loaning startup announced it received a capital injection for US$15 million in an investment round led by Quona Capital. Other contributors include Foundation Capital, S7 Ventures, as well […]

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Fintechs face tough layoff decisions, but not all are honest about it…

2 months ago

Contxto – Not even fintechs are immune to coronavirus (Covid-19). In recent weeks, three startups, Créditas, Neon, and C6 Bank from Brazil, as well as Kueski from Mexico announced layoffs. Interestingly, many of these startups claimed it was unrelated to Covid-19. But there are grounds to think otherwise… “It wasn’t Covid-19, I swear,” say fintechs […]

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Accion, Quona launch US$203 million fund to promote financial inclusion

3 months ago

Contxto – You’ve probably heard of Quona Capital when we talked about the historic mark of US$57.5 million seed equity and debt round that Klar set back in November of last year. Additionally to leading this unprecedented round in Latin America, Quona Capital also participated in Contabilizei’s Series C, Kovi’s Series A, and Neon’s Series […]

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It’s official: fintech Nubank has 20 million customers

5 months ago

Contxto – For Brazilian fintech Nubank, January 20, 2020 will be a date to remember. As that’s the day it announced a new milestone: it has 20 million customers. This number is divided between customers that have a NuConta (the startup’s digital bank account) under their name and people registered for its annuity-free credit card. […]

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AI startup, Olivia, raises funds to aid Brazilians’ finances

5 months ago

Contxto – Olivia is an artificial intelligence (AI) assistant that’s proved its mettle in the United States. But for its Brazilian founders, deploying Olivia in the largest Latin American country had always been part of the plan. Now thanks to an investment round for R$25 million (around US$5.9 million) led by BVx, the investment and […]

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Brazilian fintech Neon closes Series B worth US$95 million

7 months ago

Contxto – Fintech competition keeps getting stiffer in Brazil. Yesterday, Neon announced a R$400 million (around US$95 million) Series B investment round led by the General Atlantic fund and Neon’s partner, Banco Votorantim. Joining them on this feat were Omidyar, Propel, monashees, Mabi and Quona. Prior investments took place in May 2018 for US$22 million […]

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Neon acquires MEI Fácil to boost services for Brazilian micro-entrepreneurs

9 months ago

Contxto – While Nubank attracts loads of attention, other Brazilian fintechs sometimes fly under the radar. That’s no longer the case with Neon that recently acquired fellow financial technology startup, MEI Fácil.  Following this development, Neon will inherit MEI Fácil’s portfolio. With it, the fintech will incorporate new features into the application while focusing more […]

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LinkedIn’s Top 10 startups to work for in Mexico and Brazil

9 months ago

Contxto – The latest indicator that startups are taking Latin America by storm is a recent LinkedIn study. Since the social networking website operates in over 200 countries with more than 645 million business-savvy users, this past weekend it released its list of Top Startups where subscribers aspire to work in Mexico and Brazil. “These are […]

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Brazilian VC monashees intends to raise US$250 million for its sixth fund

11 months ago

Contxto – Earlier, a Reuters report surfaced that Brazilian VC firm monashees will be raising US$250 million to grow investments in Latin American startups. While monashees hasn’t formally announced or confirm this news, this could be an important milestone for the group. In Summary  Eric Acher and Fabio Igel founded the São Paulo-based VC firm […]

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