Neon Talks Progress Following $300 Million Series D
Neon is reporting that revenue has grown by 3X while predicting it will grow 2X in 2022. This is following a Series D round that raised $300 million at a valuation of $1.6 billion. BBVA provided the growth capital for Neon and agreed to invest the $300 million this past February to boost the neo-banking platform. Neon is regulated by the Central Bank of Brazil, as a Payment Institution.
