| Founded | 2016 |
|---|---|
| Closed | 2018 |
| Country | Brazil |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
| Founder | Pedro Conrade |
Neon (first iteration)
"Brazil's challenger bank was killed by its own banking partner's capital failure."
Forced closure by regulatory action
Key Events Timeline
Neon, Brazil's early challenger bank founded by Pedro Conrade in 2016, had its banking license revoked by Brazil's Central Bank (Banco Central do Brasil) in August 2018, forcing a temporary shutdown.
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