About Neon
Neon is a company based in Sao Paulo (Brazil) founded in 2016 by Pedro Conrade. It operates as a FinTech, and Freemium. Neon has raised $1.03 billion across 8 funding rounds from investors including PayPal, International Finance Corporation and General Atlantic. Neon has completed 2 acquisitions, including MEI Easy and Magliano Invest. Neon offers products and services including Digital Account, Credit Card, CDB Neon, Personal Loan, and Pix Neon. Neon operates in a competitive market with competitors including CondoConta, Superdigital, will bank, Yours Bank and Zro Bank, among others.
- Headquarter Sao Paulo, Brazil
- Founders Pedro Conrade
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Neon Pagamentos
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Products & Services of Neon
Neon offers a comprehensive portfolio of products and services, including Digital Account, Credit Card, CDB Neon, Personal Loan, and Pix Neon. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A complete digital account with multiple financial tools.
Credit card offered without annual fees or complications.
Investment product with higher returns than savings accounts.
Personal loans provided with easy application and access.
Instant payment service integrated into the Neon account.
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Software Development Team
87 people
Human Resources and Administration
10 people
Data Analysis and Operations Team
8 people
Desenvolvedor Team
6 people
Gerente Team
5 people
Finance and Accounting
4 people
Product Management Team
4 people
Analista Team
4 people
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Funding Insights of Neon
Neon has successfully raised a total of $1.03B across 8 strategic funding rounds. The most recent funding activity was a Series E round of $129 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $129.0M
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First Round
First Round
(03 May 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series E - Neon | Valuation |
investors |
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| Aug, 2024 | Amount | Series E - Neon | Valuation |
investors |
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| Dec, 2023 | Amount | Series E - Neon | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neon
Neon has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include PayPal, International Finance Corporation and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided to firms across diverse sectors.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Private equity investments are backed by a single-family office firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neon
Neon has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MEI Easy and Magliano Invest. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online accounting services for businesses
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2017 | ||||
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Securities brokerage services are offered by the firm in Brazil.
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1927 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Neon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neon Comparisons
Competitors of Neon
Neon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CondoConta, Superdigital, will bank, Yours Bank and Zro Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of a digital bank for individuals
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| domain | founded_year | HQ Location |
Internet first retail bank
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| domain | founded_year | HQ Location |
Digital retail banking services are offered via an internet-first platform.
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| domain | founded_year | HQ Location |
Developer of a digital bank for individuals
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| domain | founded_year | HQ Location |
Retail banking services are offered via an internet-first platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Neon
Frequently Asked Questions about Neon
When was Neon founded?
Neon was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Neon located?
Neon is headquartered in Sao Paulo, Brazil.
Who is the current CEO of Neon?
Pedro Conrade is the current CEO of Neon. They have also founded this company.
Is Neon a funded company?
Neon is a funded company, having raised a total of $1.03B across 8 funding rounds to date. The company's 1st funding round was a Series E of $64M, raised on May 03, 2018.
What does Neon do?
Neon is operated as a digital payment institution authorized by the Central Bank of Brazil. It is focused on providing a complete digital account with services such as credit cards without annual fees, personal and payroll loans, investment options like CDB with high returns, and instant payment solutions via Pix. The company serves both individual customers and micro-entrepreneurs through its app, integrating tools for financial management and business solutions. Innovation in financial technology is emphasized to simplify access to credit and savings.
Who are the top competitors of Neon?
Neon's top competitors include CondoConta, Superdigital and will bank.
What products or services does Neon offer?
Neon offers Digital Account, Credit Card, CDB Neon, Personal Loan, and Pix Neon.
How many acquisitions has Neon made?
Neon has made 2 acquisitions, including MEI Easy, and Magliano Invest.
Who are Neon's investors?
Neon has 14 investors. Key investors include PayPal, International Finance Corporation, General Atlantic, BBVA, and Quona.
What is Neon's valuation?
The valuation of Neon is $1.6B as of Feb 2022.