Swiss challenger bank neon raises €4.6 million for faster growth

One of the first independent Swiss challenger banks neon has completed a financing round in parallel to its rapid growth in customers. A wide range of supporters from the existing investors Backbone Ventures, TX Group, the Schwyzer Kantonalbank innovation foundation and the “Höhle der Löwen” investors Roland Brack and Bettina Hein and new investors Helvetia Venture Fund, QoQa Services SA and other private investors participated in the round.

Founded in 2017, neon offers a simple, user-friendly and secure account solution as an app for all smartphones. One year after the solution went live, the 30,000 customer mark has already been exceeded. neon positions itself as the Swiss solution for a mobile, inexpensive and easy-to-use smartphone account.

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