Neon (Banco Neon)

Overview

Neon (Banco Neon) is Brazilian digital bank + BBVA Spain strategic investor + General Atlantic + Vulcan Capital + Pedro Conrade founder Aug 2016 + ~30M+ Brazilian customers [1, br-cro].

History

Aug 2016 — Neon founded by Pedro Conrade in Brazil as Brazilian digital banking app distinctive Brazilian digital banking heritage.

Aug 2018 — Neon acquires Banco Pottencial license + becomes Banco Neon S.A. full Brazilian commercial bank.

Sep 2020 — Neon $300M Series C led by General Atlantic + BlackRock + Vulcan Capital + GIC Singapore.

Feb 2022 — Neon $300M Series D led by BBVA Spain as strategic investor.

Ownership & operator

Operating entity: Banco Neon S.A. (Brazilian digital bank; private).

Major shareholders: BBVA Banco Bilbao Vizcaya Argentaria (BME: BBVA + NYSE: BBVA; Spanish banking group) strategic investor + General Atlantic + Vulcan Capital + GIC Singapore + Pedro Conrade founder.

Regulators: BACEN + CVM.

Technical integration

Neon mobile app (iOS + Android; ~30M+ Brazilian customers) + neon.com.br online + Neon Mastercard credit + debit cards; Pix + Pix QR + TED + Boleto Bancário.

Implementations & partners

BBVA strategic investor: [[bbva-mobile]] (BBVA Mobile Spain; BME: BBVA + NYSE: BBVA; Spanish banking group).

Major Brazilian + Latin American banking + payments competitors: [[banco-itau]] (Itaú Unibanco; B3: ITUB4 + NYSE: ITUB; Brazil's largest commercial bank by assets + market capitalization) + [[banco-do-brasil]] (Banco do Brasil; B3: BBAS3; Brazilian state-owned commercial bank) + [[caixa-economica]] (Caixa Econômica Federal; Brazilian federal savings bank; ~145M+ Brazilian customers) + [[bradesco]] (Banco Bradesco; B3: BBDC4 + NYSE: BBD) + [[santander-brasil]] (Santander Brasil; B3: SANB11 + NYSE: BSBR) + [[banco-inter]] (Banco Inter; B3: BIDI11; Brazilian digital bank; ~30M+ customers) + [[nubank]] (Nubank Brasil; NYSE: NU; ~110M+ across Brazil + Mexico + Colombia) + [[c6-bank]] (C6 Bank; Brazilian digital bank; JPMorgan Chase US strategic investor ~46%) + [[banco-pan]] (Banco Pan; B3: BPAN4; BTG Pactual ~70% controlling; ~30M+ Brazilian customers) + [[picpay]] (PicPay; Brazilian super-app wallet) + [[mercado-pago]] (Mercado Pago; MercadoLibre group; Brazilian operations).

Regulators: BACEN + CVM.

Status

Active, Brazilian digital bank + BBVA Spain strategic investor + General Atlantic + Vulcan Capital + Pedro Conrade founder Aug 2016 + ~30M+ Brazilian customers [1, 2].

Sources

• 1 Neon — official
• 2 Neon — Wikipedia
• br-cro In-corpus: reports/countries/BR-brazil.md

Source

Biography extracted from neon-bank.md. See matrix.md for standards-support matrix if present.