Neon
Brazilian mass-market neobank.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — Payment institution / e-money issuer authorised by Banco Central do Brasil (2021); Neon CTVM brokerage.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Neon’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI assistant as the interface |
| HQ | São Paulo, BR |
| Founded | 2016 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | Payment institution / e-money issuer authorised by Banco Central do Brasil (2021); Neon CTVM brokerage |
| Card | Visa · Debit + credit |
| Yield | CDI-linked |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Founders | Pedro Conrade |
| Funding | ~$700M raised |
Verified links: official site ↗
Common questions about Neon
What is Neon?
Neon is a fiat neobank, headquartered in São Paulo, BR and founded in 2016. Your money is held custodially, so Neon or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (Payment institution / e-money issuer authorised by Banco Central do Brasil (2021); Neon CTVM brokerage).
Does Neon have a card, and where can you use it?
It issues a Visa debit and credit card. It is available in Latin America.
Does Neon require KYC?
Yes. Neon requires identity verification (KYC) to open an account, as a e-money institution.
What does Neon cost?
From the verified fields: yield CDI-linked. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Neon before relying on them.
Early investors
Head-to-head
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Neon appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Latin America (113) · Neobanks that issue a Visa card (182) · Neobanks in Brazil (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.