# Neon: Financial services, Sao Paulo, Brazil

> Neon: Neon is a Brazilian fintech company that provides a fully digital payment account, aiming to simplify financial services for its users.

Source: https://millionrounds.com/startup/neon-12 (Millionrounds; every figure on the page links to its filing or article)

Brazil · [Financial services startup](https://millionrounds.com/companies)

# Neon

Neon is a Brazilian fintech company that provides a fully digital payment account, aiming to simplify financial services for its users.

Email

Funding reported Last round: Series D

Financial services Sao Paulo, Brazil

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Company summary

- **Founded:** 2016 10 years old
- **Team:** 1,800 1,000+ people
- **Funding reported:** 727.1M as listed, currency not stated
- **Last round:** Series D Feb 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Neon has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Neon

Neon is a Brazilian fintech company that provides a fully digital payment account, aiming to simplify financial services for its users.

Founded in 2016 by Pedro Conrade, Neon has grown rapidly, reaching 15 million customers by 2021. The company operates as an Institution of Payment authorized by the Central Bank of Brazil and is recognized as one of the leading unicorn fintechs globally. Neon offers a range of financial products through its mobile app, including a fee-free digital payment account, credit and debit cards, investment options, and personal loans. The company emphasizes a user-friendly experience with features like instant account opening, cashback rewards, and integration with Brazil's instant payment system, Pix. Neon primarily targets working Brazilians, particularly those from socioeconomic classes C, D, and E, as well as young, tech-savvy individuals and entrepreneurs seeking accessible financial solutions.

## What company datasets say Neon raised

Funding, as reported

Reported in all **727.1M** in the source's currency

Rounds **6**

Last round **Series D**

Last round size **25M**

Last round date **Feb 2022**

Investors listed **14**

## On 3 portfolio pages

Investors who name them

- [Propel Venture Partners](https://millionrounds.com/fund/propel-venture-partners)
- [Yellow Ventures](https://millionrounds.com/fund/yellow-ventures)
- [Across Capital](https://millionrounds.com/fund/across-capital)

Each firm lists Neon on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

digital banking security features mobile payments fintech challenger user experience digital payments consumers credit limit increase app mobile wallet lower interest rates brazil financial technology user-friendly app digital savings account credit approval real-time transactions cdb high yield debit card

Built with from their website

GitHub Actions ServiceNow Docker Amazon SES Amazon DynamoDB Google Tag Manager Excel Impact Amazon CloudFront Google Sheets GoCD

+8 more

Tableau Envoy WordPress.org Salesforce Marketing Cloud AWS Trusted Advisor Atlassian Moodle Workfront

- **Sector:** Financial services
- **Industry code:** NAICS 522110, SIC 6021
- **Region:** State of Sao Paulo
- **Revenue:** 635M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/neon-d4deacfc7a)

## Financial services in Brazil

Startups like it

- [**ASAAS** Joinville · founded 2010 *Raised*](https://millionrounds.com/company/asaas)
- [**A5X** São Paulo · founded 2023 *Raised*](https://millionrounds.com/company/a5x)
- [**Credix** Sao Paulo · founded 2021 *Raised*](https://millionrounds.com/company/credix)
- [**QI Tech** Sao Paulo · founded 2018 *Raised*](https://millionrounds.com/company/qi-tech)
- [**Agrolend** Sao Paulo · founded 2020 *Raised*](https://millionrounds.com/company/agrolend)
- [**Makasí** Curitiba · founded 2023 *Raised*](https://millionrounds.com/company/makasi)
- [**EBANX** founded 2012 *Raised*](https://millionrounds.com/company/ebanx)
- [**Pagaleve** Sao Paulo · founded 2021 *Raised*](https://millionrounds.com/company/pagaleve)

## Is this your company?

Add your raise, your deck and your story, and put Neon in front of investors. Or tell us what we have wrong.

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