The measure reinforces the bet on private payroll and occurs in the wake of similar agreements between large banks and enterprise resource planning system developers (ERP, the acronym in English).
These are the cases of partnerships between Bradesco and SAP, Itaú and Totvs, Stone and Linx and even Wiz and Lugar de Gente (LG). The value of the transaction was not disclosed.
The payment will be in shares. That is, Leve's partners will become Neon's shareholders. Not that the digital bank has no money to make acquisitions.
Since it was created, it has already made approximately R$50 million in credit possible. The fintech financed itself by issuing debentures and acted as a banking correspondent for BMP Money Plus. Now, with Neon, it will have cheaper funding and more than 1 million employees from companies registered with the digital bank.
Leve's 40 employees will be absorbed by Neon, and Raposo should continue to lead the operation, which for now will maintain a separate brand.
The fintech has already had two rounds of funding and has among its shareholders funds such as Canary, Caravela, and Global Founders Capital.
With 22 million clients, Neon ended the first semester with a portfolio of R$1.085 billion. Private payroll loans are its second main product, with R$ 325 million, second only to credit cards (R$ 476 million).... read more in Valor Econômico 12/12/2022
The measure reinforces the bet on private payroll and occurs in the wake of similar agreements between large banks and enterprise resource planning system developers (ERP, the acronym in English).
These are the cases of partnerships between Bradesco and SAP, Itaú and Totvs, Stone and Linx and even Wiz and Lugar de Gente (LG). The value of the transaction was not disclosed.
The payment will be in shares. That is, Leve's partners will become Neon's shareholders. Not that the digital bank has no money to make acquisitions.
Since it was created, it has already made approximately R$50 million in credit possible. The fintech financed itself by issuing debentures and acted as a banking correspondent for BMP Money Plus. Now, with Neon, it will have cheaper funding and more than 1 million employees from companies registered with the digital bank.
Leve's 40 employees will be absorbed by Neon, and Raposo should continue to lead the operation, which for now will maintain a separate brand.
The fintech has already had two rounds of funding and has among its shareholders funds such as Canary, Caravela, and Global Founders Capital.
With 22 million clients, Neon ended the first semester with a portfolio of R$1.085 billion. Private payroll loans are its second main product, with R$ 325 million, second only to credit cards (R$ 476 million).... read more in Valor Econômico 12/12/2022