Swiss neo bank Neon has reportedly collected CHF 7m ($7.7m) in a funding round supported by existing backers.
The capital injection comes alongside the launch of a crowdfunding round, which has tokenised non-voting shares available, according to a report from The Paypers. These shares will be held in a personal wallet.
To support the round, digital asset bank Sygnum Bank will serve as the tokenisation partner. Following the close of the round, the company will also offer a further CHF 1.5m ($1.6m) for direct investment.
It is unclear which companies supported the fresh CHF 7m investment. The companies existing shareholders include TX Group, QoQa Services, BackBone Ventures and others.
The digital banking platform provides consumers with a banking account, virtual payment card, tools for spending analysis, payment services and more.
Founded in 2017, the company has around 70,000 users on its banking app.
Earlier in the month, the company released a sustainable bank account for customers through its mobile app. The account is backed by a certified CO2 compensation from myclimate and boasts a pledge to plant five trees per user, per month.
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