萝莉视频

, which operates a digital bank in Brazil, has reportedly raised $94 million in funding in a round led by and , according to a news report from Brazilian publication .

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The company plans to use the new capital to triple the number of its customers in 2020. The three-year-old startup says it currently has nearly 2 million active accounts, according to the article.

Washington, D.C.-based , , , and also participated in the round, which brings Neon鈥檚 total raised since its inception to , according to 萝莉视频 data.

In May 2018, 萝莉视频 News covered Neon鈥檚 $22 million round, which marked San Francisco-based and fintech-focused Propel Venture Partner鈥檚 first investment outside of the United States.

At that time, Propel said its investment in Neon was a testament to a 鈥渇intech revolution鈥� taking place in Brazil, which is known for and limited banking choices for consumers.

Co-founder told Estadao that most of the new capital would go toward hiring people. He said he expects the company will have about 600 employees by year鈥檚 end, triple what it had in early 2019. He added that Neon will also explore expanding its product portfolio.

The startup has already began expanding its offerings. New products include credit and investment services. Specifically in July, Neon revealed it was developing a personal line of credit.

Conrade founded Neon with the goal of giving customers an alternative to traditional banks. Neon does not offer physical branches.

The round is the latest funding out of the country involving global investors, an increasing phenomenon. In July, for example, Silicon Valley venture firm TCV confirmed it led a $400 million round for Brazilian fintech startup , marking the firm鈥檚 first 鈥渟ignificant鈥� investment in Latin America.

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