Brazil based digital bank with 2m active users has raised $94m in funding led by Banco Votoantim and General Atlantic. Other investors include Quona Capital, Propel Venture Partners, and Omidyar network.
Co-founder Pedro Conrade told Estadao that most of the new capital would go toward hiring people. He said he expects the company will have about 600 employees by year’s end, triple what it had in early 2019. He added that Neon will also explore expanding its product portfolio.