Neon valuation, funding and investors

neon.com.br ↗LinkedIn ↗

Neon works in digital wallet app services, based in São Paulo, Brazil. Founded in 2016, it has about 1,950 employees.

Payment Processing & Point of Sale Series E

VALUATION · TODAY

$1.59B −9% after Series E

Range $830M – $2.50B · Grade B

TODAY

+12 MO

$1.00B

$2.00B

$3.00B

$4.00B

$5.00B

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series C $300M

Series D $300M

Series E $129M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY1,948 employees

+6%6m growth

+11%1y growth

−3%2y growth

1,000

2,000

3,000

Data from Jan 2021

TODAY

Predicted in 1 yr $1.45B −9% vs today

Predicted next raise $236M if a round comes

Winding-down probability 30%

Last round: Series E · $129M · Jul 2025
Valuation at last round: $1.32B · implied
Headcount: 1,948 · up
Grade: B
Founded: 2016

How VCMC values companies →

Neon valuation today

VCMC values Neon at $1.6B today, with a range of $830M to $2.5B and a grade of B. The valuation starts from its last funding round, a Series E round in Jul 2025.

Valuation by date (134 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Neon: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2016	$3.60M	$1.31M – $9.88M	$4.31M (+20%)	before first round	–	unknown	D	0%
1 Feb 2016	$3.61M	$1.31M – $9.92M	$4.43M (+23%)	before first round	–	unknown	D	0%
1 Mar 2016	$3.62M	$1.32M – $9.95M	$4.54M (+25%)	before first round	–	unknown	D	0%
1 Apr 2016	$3.64M	$1.32M – $9.99M	$4.66M (+28%)	before first round	–	unknown	D	0%
1 May 2016	$3.65M	$1.33M – $10.0M	$4.79M (+31%)	before first round	–	unknown	D	0%
1 Jun 2016	$3.67M	$1.33M – $10.1M	$4.92M (+34%)	before first round	–	unknown	D	0%
1 Jul 2016	$3.68M	$1.34M – $10.1M	$5.04M (+37%)	before first round	–	unknown	D	0%
1 Aug 2016	$3.78M	$1.38M – $10.4M	$5.18M (+37%)	before first round	–	unknown	D	0%
1 Sep 2016	$3.88M	$1.41M – $10.7M	$5.32M (+37%)	before first round	–	unknown	D	0%
1 Oct 2016	$3.98M	$1.45M – $10.9M	$5.46M (+37%)	before first round	–	unknown	D	0%
1 Nov 2016	$4.09M	$1.49M – $11.2M	$5.61M (+37%)	before first round	–	unknown	D	0%
1 Dec 2016	$4.20M	$1.53M – $11.5M	$5.76M (+37%)	before first round	–	unknown	D	0%
1 Jan 2017	$4.31M	$1.57M – $11.8M	$5.91M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$4.43M	$1.61M – $12.2M	$6.07M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$4.54M	$1.65M – $12.5M	$6.22M (+37%)	before first round	–	unknown	D	0%
1 Apr 2017	$4.66M	$1.70M – $12.8M	$6.39M (+37%)	before first round	–	unknown	D	0%
1 May 2017	$4.78M	$1.74M – $13.1M	$6.56M (+37%)	before first round	–	unknown	D	0%
1 Jun 2017	$4.91M	$1.79M – $13.5M	$6.73M (+37%)	before first round	–	unknown	D	0%
1 Jul 2017	$5.04M	$1.83M – $13.8M	$6.91M (+37%)	before first round	–	unknown	D	0%
1 Aug 2017	$5.18M	$1.88M – $14.2M	$7.10M (+37%)	before first round	–	unknown	D	0%
1 Sep 2017	$5.32M	$1.94M – $14.6M	$7.29M (+37%)	before first round	–	unknown	D	0%
1 Oct 2017	$5.46M	$1.99M – $15.0M	$7.48M (+37%)	before first round	–	unknown	D	0%
1 Nov 2017	$5.61M	$2.04M – $15.4M	$7.68M (+37%)	before first round	–	unknown	D	0%
1 Dec 2017	$5.75M	$2.09M – $15.8M	$7.89M (+37%)	before first round	–	unknown	D	0%
1 Jan 2018	$5.91M	$2.15M – $16.2M	$8.10M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$6.07M	$2.21M – $16.7M	$8.32M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$6.22M	$2.26M – $17.1M	$8.53M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$6.39M	$2.33M – $17.5M	$8.76M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$6.56M	$2.39M – $18.0M	$8.99M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$6.73M	$2.45M – $18.5M	$9.23M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$6.91M	$2.52M – $19.0M	$9.47M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$7.10M	$2.58M – $19.5M	$9.57M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$7.29M	$2.65M – $20.0M	$9.66M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$7.48M	$2.72M – $20.6M	$9.74M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$7.68M	$2.80M – $21.1M	$9.83M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$7.89M	$2.87M – $21.7M	$9.92M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$8.10M	$2.95M – $22.3M	$10.0M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$8.32M	$3.03M – $22.9M	$10.1M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$8.53M	$3.10M – $23.4M	$10.2M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$8.76M	$3.19M – $24.1M	$10.3M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$8.99M	$3.27M – $24.7M	$10.4M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$9.23M	$3.36M – $25.4M	$10.5M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$9.47M	$3.45M – $26.0M	$10.6M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$9.57M	$3.48M – $26.3M	$10.7M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$9.66M	$3.52M – $26.5M	$10.8M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$9.74M	$3.55M – $26.8M	$10.9M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$9.83M	$3.58M – $27.0M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$9.92M	$3.61M – $27.2M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$10.0M	$3.64M – $27.5M	$11.2M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$10.1M	$3.68M – $27.8M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$10.2M	$3.71M – $28.0M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$10.3M	$3.74M – $28.2M	$11.5M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$10.4M	$3.78M – $28.5M	$11.6M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$10.5M	$3.81M – $28.8M	$11.7M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$10.6M	$3.85M – $29.0M	$11.8M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$10.7M	$3.88M – $29.3M	$11.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$10.8M	$3.92M – $29.6M	$12.0M (+11%)	before first round	–	unknown	D	0%
3 Sep 2020	$2.2B	$1.5B – $4.4B	$2.9B (+30%)	after a round	–	unknown	B	0%
1 Oct 2020	$2.3B	$1.5B – $4.4B	$2.9B (+27%)	after a round	–	unknown	B	0%
1 Nov 2020	$2.3B	$1.5B – $4.4B	$2.9B (+25%)	after a round	–	unknown	B	0%
1 Dec 2020	$2.4B	$1.5B – $4.4B	$2.9B (+22%)	after a round	–	unknown	B	0%
1 Jan 2021	$2.4B	$1.5B – $4.4B	$2.9B (+19%)	after a round	760	unknown	B	0%
1 Feb 2021	$2.5B	$1.5B – $4.4B	$2.9B (+17%)	after a round	760	unknown	B	0%
1 Mar 2021	$2.5B	$1.5B – $4.4B	$2.9B (+14%)	after a round	760	unknown	B	0%
1 Apr 2021	$2.6B	$1.5B – $4.4B	$2.9B (+12%)	after a round	760	flat	B	0%
1 May 2021	$2.8B	$1.6B – $4.8B	$3.2B (+12%)	after a round	1,100	growing	B	0%
1 Jun 2021	$2.9B	$1.6B – $4.8B	$3.2B (+9%)	after a round	1,100	growing	B	0%
1 Jul 2021	$3.0B	$1.6B – $4.8B	$3.2B (+6%)	after a round	1,100	growing	B	0%
1 Aug 2021	$3.1B	$1.6B – $4.8B	$3.2B (+3%)	after a round	1,100	growing	B	0%
1 Sep 2021	$3.1B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Oct 2021	$3.2B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Nov 2021	$3.2B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Dec 2021	$3.2B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Jan 2022	$3.2B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Feb 2022	$3.2B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Mar 2022	$3.2B	$1.6B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 Apr 2022	$3.2B	$1.7B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
1 May 2022	$3.2B	$1.7B – $4.8B	$3.2B (0%)	after a round	1,100	growing	B	0%
20 May 2022	$1.6B	$1.4B – $2.4B	$2.1B (+30%)	after a round	1,100	growing	A	0%
1 Jun 2022	$1.6B	$1.4B – $2.4B	$2.1B (+29%)	after a round	1,100	growing	A	0%
1 Jul 2022	$1.7B	$1.4B – $2.4B	$2.1B (+26%)	after a round	1,100	growing	A	0%
1 Aug 2022	$1.7B	$1.4B – $2.4B	$2.1B (+23%)	after a round	1,100	growing	A	0%
1 Sep 2022	$1.7B	$1.4B – $2.4B	$2.1B (+21%)	after a round	1,100	growing	A	0%
1 Oct 2022	$1.8B	$1.4B – $2.4B	$2.1B (+18%)	after a round	1,100	growing	A	0%
1 Nov 2022	$1.8B	$1.4B – $2.4B	$2.1B (+15%)	after a round	1,100	unknown	A	0%
1 Dec 2022	$1.8B	$1.4B – $2.4B	$2.1B (+13%)	after a round	1,100	unknown	A	0%
1 Jan 2023	$1.9B	$1.4B – $2.4B	$2.1B (+10%)	after a round	2,400	unknown	A	0%
1 Feb 2023	$1.9B	$1.4B – $2.4B	$2.1B (+8%)	after a round	2,400	unknown	A	0%
1 Mar 2023	$2.0B	$1.4B – $2.4B	$2.1B (+6%)	after a round	2,400	unknown	A	0%
1 Apr 2023	$2.0B	$1.4B – $2.4B	$2.1B (+4%)	after a round	2,400	unknown	A	0%
1 May 2023	$2.1B	$1.4B – $2.4B	$2.1B (+1%)	after a round	2,400	unknown	A	0%
1 Jun 2023	$2.1B	$1.4B – $2.4B	$2.1B (0%)	after a round	2,400	unknown	A	0%
1 Jul 2023	$2.1B	$1.3B – $2.4B	$2.1B (0%)	after a round	2,400	unknown	B	0%
1 Aug 2023	$2.1B	$1.2B – $2.4B	$2.1B (0%)	after a round	2,400	unknown	B	0%
1 Sep 2023	$2.1B	$1.2B – $2.4B	$2.1B (0%)	after a round	2,400	unknown	B	0%
1 Oct 2023	$2.1B	$1.1B – $2.4B	$2.1B (0%)	after a round	2,400	flat	B	0%
1 Nov 2023	$2.1B	$1.1B – $2.4B	$2.1B (0%)	after a round	2,400	flat	B	0%
1 Dec 2023	$2.1B	$1.0B – $2.4B	$2.1B (0%)	after a round	2,400	flat	B	0%
1 Jan 2024	$2.1B	$991M – $2.4B	$2.1B (0%)	after a round	2,400	flat	B	0%
1 Feb 2024	$2.1B	$946M – $2.4B	$2.1B (0%)	after a round	2,400	flat	B	0%
1 Mar 2024	$1.7B	$891M – $2.3B	$1.5B (-12%)	after a round	2,200	flat	B	38%
1 Apr 2024	$1.7B	$849M – $2.3B	$1.5B (-12%)	after a round	2,200	flat	B	38%
1 May 2024	$1.7B	$811M – $2.3B	$1.5B (-12%)	after a round	2,200	flat	B	38%
1 Jun 2024	$1.7B	$747M – $2.3B	$1.4B (-15%)	after a round	2,200	flat	B	38%
1 Jul 2024	$1.7B	$711M – $2.3B	$1.4B (-15%)	after a round	2,200	flat	B	38%
1 Aug 2024	$1.2B	$675M – $2.2B	$798M (-32%)	after a round	2,000	down	B	91%
1 Sep 2024	$1.2B	$642M – $2.2B	$774M (-33%)	after a round	2,000	down	C	91%
1 Oct 2024	$1.1B	$611M – $2.2B	$750M (-33%)	after a round	2,000	down	C	91%
1 Nov 2024	$1.1B	$581M – $2.2B	$682M (-36%)	after a round	1,900	down	C	97%
1 Dec 2024	$1.0B	$553M – $2.3B	$661M (-36%)	after a round	1,900	down	C	97%
1 Jan 2025	$1.0B	$525M – $2.3B	$639M (-37%)	after a round	1,900	down	C	97%
1 Feb 2025	$983M	$499M – $2.3B	$618M (-37%)	after a round	1,900	down	C	97%
1 Mar 2025	$962M	$477M – $2.3B	$600M (-38%)	after a round	1,900	down	C	97%
1 Apr 2025	$938M	$453M – $2.4B	$581M (-38%)	after a round	1,900	down	C	97%
1 May 2025	$978M	$431M – $2.4B	$620M (-37%)	after a round	1,900	down	C	89%
1 Jun 2025	$928M	$410M – $2.4B	$617M (-33%)	after a round	1,900	down	C	82%
1 Jul 2025	$777M	$390M – $2.4B	$488M (-37%)	after a round	1,759	down	C	97%
26 Jul 2025	$1.3B	$868M – $2.0B	$1.3B (+1%)	after a round	1,759	down	B	97%
1 Aug 2025	$1.3B	$868M – $2.0B	$1.3B (0%)	after a round	1,757	down	B	97%
1 Sep 2025	$1.3B	$868M – $2.0B	$1.3B (-2%)	after a round	1,757	down	B	97%
1 Oct 2025	$1.3B	$868M – $2.1B	$1.3B (-2%)	after a round	1,757	down	B	89%
1 Nov 2025	$1.3B	$871M – $2.1B	$1.3B (-2%)	after a round	1,779	down	B	82%
1 Dec 2025	$1.4B	$871M – $2.2B	$1.3B (-3%)	after a round	1,779	down	B	76%
1 Jan 2026	$1.4B	$871M – $2.2B	$1.3B (-3%)	after a round	1,779	down	B	70%
1 Feb 2026	$1.4B	$871M – $2.2B	$1.3B (-4%)	after a round	1,779	down	B	64%
1 Mar 2026	$1.4B	$877M – $2.3B	$1.4B (-5%)	after a round	1,838	flat	B	59%
1 Apr 2026	$1.4B	$877M – $2.3B	$1.4B (-6%)	after a round	1,838	flat	B	54%
1 May 2026	$1.5B	$881M – $2.3B	$1.4B (-7%)	after a round	1,878	flat	B	50%
1 Jun 2026	$1.5B	$881M – $2.4B	$1.4B (-8%)	after a round	1,878	flat	B	46%
1 Jul 2026	$1.5B	$881M – $2.4B	$1.4B (-9%)	after a round	1,878	flat	B	42%
1 Aug 2026	$1.6B	$875M – $2.4B	$1.4B (-11%)	after a round	1,911	flat	B	39%
1 Sep 2026	$1.6B	$835M – $2.4B	$1.4B (-10%)	after a round	1,921	flat	B	36%
1 Oct 2026	$1.6B	$842M – $2.5B	$1.4B (-10%)	after a round	1,948	up	B	33%
24 Oct 2026	$1.6B	$830M – $2.5B	$1.5B (-9%)	after a round	1,948	up	B	30%

Key facts about Neon

Founded: 2016
Headquarters: São Paulo, Brazil
Employees: about 1,950 +10% in a year
Total raised: $729M
Funding rounds: 3
Last round: Series E Jul 2025

Neon was founded in 2016 by Heikki Linnakangas, Marcelo Haddad Silva, Nikita Shamgunov, Pedro Conrade and Stas Kelvich.

Neon funding history

Neon has 3 funding rounds on record, from Sep 2020 to Jul 2025, $729M in total. The latest disclosed valuation is $1.60B post-money (Series D, May 2022).

Series E 25 Jul 2025
With International Finance Corporation, DEG, BBVA, General Atlantic.
Sources: brazilcham.com, nextbillion.net, latamlist.com
$129M
Series D 19 May 2022
Led by BBVA; with BlackRock, General Atlantic, Monashees, PayPal, Quona Capital, Vulcan Capital.
Sources: globenewswire.com, bloomberglinea.com, exame.com and 1 more
$300M
$1.60B post-money
Series C 2 Sep 2020
Led by General Atlantic; with BlackRock, Vulcan Capital, PayPal Ventures, Endeavor, Monashees, Flourish Ventures, BBVA, Propel Venture Partners.
Sources: finsmes.com, pymnts.com, finextra.com and 2 more
$300M

Neon investors

13 investors have backed Neon; BBVA and General Atlantic led at least one round.

BBVA lead, 3 rounds
General Atlantic lead, 3 rounds
BlackRock 2 rounds
Monashees 2 rounds
Vulcan Capital 2 rounds
Endeavor
International Finance Corporation
PayPal
PayPal Ventures

What Neon does

Neon works in payment processing & point of sale, with 14 recorded offerings and customers in financial services.

Neon Pagamentos S.A. is a Brazilian financial institution engaged in digital payment solutions and financial services. The company operates as a digital account provider, offers a digital wallet app for online payments and virtual cards, and provides financial products such as credit cards, certificates of deposit, personal and consigned loans, and cashback. Neon also serves microentrepreneurs and small businesses through integrated services within its digital platform. The company is authorized by the Brazilian Central Bank and serves both domestic and international clients.

Description from Veridion's company data.

Products and services

Digital Wallet App Services
Online Payment Processing Services
Virtual Card Issuance Services
Pix Transfer Services
Digital Account Management Services
Credit Card Issuance Services
Certificate of Deposit Product Services
Personal Loan Product Services
Consigned Loan Product Services
Microentrepreneur Financial Services
International Investor Financial Services
Financial Product Distribution
ESG-Focused Financial Solutions
Technology-Driven Financial Services

Markets

Financial Services

Business model

Business-to-Business
Business-to-Consumer
Enterprise

Industry codes (NAICS)

522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 50% match
522291 Consumer Lending 35% match
522390 Other Activities Related to Credit Intermediation 15% match

Questions about Neon

What is Neon worth?

Valuation $1.6B (range $830M to $2.5B), as of 24 Oct 2026. The last disclosed valuation was $1.60B (Series D, May 2022).

Has Neon raised money?

Neon has 3 funding rounds on record, from Sep 2020 to Jul 2025, $729M in total. The latest disclosed valuation is $1.60B post-money (Series D, May 2022).

Who has invested in Neon?

BBVA, General Atlantic, BlackRock, Monashees, Vulcan Capital and DEG, and 7 more. Lead investors include BBVA and General Atlantic.

How many people work at Neon?

About 1,950, up 10% over the last year. Headcount rose from 760 in Jan 2021 to 2,400 in Jan 2023, then fell to 1,948 in Sep 2026.

What does Neon do?

Neon works in payment processing & point of sale, with 14 recorded offerings and customers in financial services. Its main offerings are digital wallet app services, online payment processing services and virtual card issuance services.

When was Neon founded, and where is it based?

Neon was founded in 2016 and is based in São Paulo, Brazil. It has about 1,950 employees, up 10% over the last year.

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