10
BBVA to invest $300 million in Brazilian digital bank Neon
source link: https://fintechranking.com/2022/02/14/bbva-to-invest-300-million-in-brazilian-digital-bank-neon/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
BBVA to invest $300 million in Brazilian digital bank Neon
BBVA has reached an agreement to invest $300 million (about €263 million¹) in Neon, a Brazilian digital bank founded in 2016 that aims to improve access to financial services for individuals, self-employed and small businesses in its country.
Neon has 15 million registered accounts. The investment takes place in a context of unprecedented technological disruption, with solid growth of digital and innovative models, particularly in financial services.
In addition to a clear commitment to innovation, this investment allows BBVA to gain exposure to retail banking in Brazil, a market with one of the highest potential in the world.
Read more: BBVA
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK