Brazil-based Neon tops Marketplace Lending in 2022


Neon, a digital bank offering credit cards and loans, was the largest Marketplace Lending deal during the first half of 2022 raising a considerable $300m in their latest Series D funding round led by BBVA. The company strategy is to launch new products based on its Democredit platform, proprietary intelligence for credit approval. Neon believes that this is a differential for the huge contingent of Brazilians who seek sustainable financing. ?BBVA investment and global expertise will allow Neon to offer loans in a more simple, sustainable and inclusive way. We want to reach more Brazilians, contributing to reducing inequalities and making a difference in their lives,Neon founder Pedro Conrade said.
Overall, there were 310 deals in the first half of 2022 indicating that deal activity in 2022 will surpass 2021 by 83% to 620 in total. Investment in the sector is likely to fall slightly by 3% although this is in line with global FinTech trends. The United States was the most active Marketplace Lending country with 108 deals, a 35% share of total deals and India was the second with 42 deals.

The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global.??2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.