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.