Banking firm BBVA returned to reinvest in Neon, part of a group of digital banking portfolio companies it has built, increasing its stake to nearly 30%.
Financial services firm BBVA agreed on Monday to invest $300m in Brazil-based digital bank Neon in return for a 21.7% stake, a deal highlighting traditional banks’ interest in their emerging digital equivalents. Founded in 2016, Neon operates a digital banking platform with 15 million registered accounts and offers free checking accounts, credit and debit cards,…
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