Banco Vorantim has co-led a $95.3m round for digital banking service Neon roughly 18 months after becoming its financial services partner.
Brazil-based digital bank operator Neon Pagamentos confirmed today it has raised R$400m ($95.3m) yesterday in a series B round co-led by financial services firm Banco Vorantim and growth equity firm General Atlantic.
The round included Propel Venture Partners, financial services firm BBVA’s venture capital vehicle, as well as Monashees, Quona Capital, Omidyar Network, Tera and Mabi. Details of the amount and Banco Vorantim and General Atlantic’s participation were first reported by Inovação.
Founded in 2016, Neon operates a mobile-focused digital…
