Brazilian Digital Bank Neon Triples Annual Revenue in 2021 as Demands Stays Strong

Brazilian digital bank Neon announced on Thursday that its revenues grew 3x in 2021.

Neon stated that it expects to see its revenue rise more than double this year. The digital bank further disclosed that it doubled its headcount from 800 to 1,600 employees in 2021 and expects to hire an additional 700 talents by the first half of 2022 to support its growth goals.

Neon made the revelation when it announced an overview of the firm’s growth and momentum that led up to its recent US$300 million Series D funding round, which resulted in its achievement of Unicorn status with a valuation of US$1.6 billion.