Neon
in Brazil 🇧🇷
Crypto-Friendliness
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About Neon in Brazil
Neon is a leading digital financial institution in Brazil, operating as an Instituição de Pagamento (Payment Institution) authorized by the Banco Central do Brasil. Founded in 2016, Neon specializes in serving the underbanked population of the Brazilian working class, particularly focusing on the C, D, and E economic classes.
With over 15 million registered accounts as of 2022, Neon has established itself as one of Brazil's most successful fintech unicorns, achieving a valuation of $1.6 billion following its Series D funding round. The company positions itself as the first 100% digital account in Brazil to not charge any fees—monthly, transaction, or otherwise—fundamentally changing the cost structure for lower-income Brazilians.