General Atlantic led a $300m Series C funding round in Neon Pagamentos.

General Atlantic led a $300m Series C funding round in Neon Pagamentos, a Brazilian fintech company. BlackRock, Vulcan Capital, PayPal Ventures, Endeavor Catalyst, Monashees, Flourish Ventures and Propel Venture Partners also participated in the round. The investment will be split between two tranches of $150m each. “Neon was born with a clear purpose: to provide an accessible bank account to any Brazilian, placing user experience at the center of everything we do. Unlike banking incumbents in Brazil, we do not transfer the cost of inefficiency to our customers. We are thrilled to partner with our existing and new investors to continue working toward this shared vision,” Pedro Conrade, Neon Founder.