Switzerland based Fintech neon Secures 7 Million CHF from TX Group, Backbone Ventures, Others

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Summary

“Excessive fees, inflexible opening times, too much bureaucracy and complicated apps. 100% independent.” Investors in neon’s investment round reportedly include the TX Group, BackBone Ventures, QoQa Services SA, the Helvetia Venture Fund, the Schwyzer Kantonalbank’s innovation foundation, as well as private investors. With 70,000 clients currently on board, neon is introducing equity crowdinvesting with tokenized non-voting shares which will reportedly be kept in a personal wallet. The Swiss digital asset platform Sygnum Bank is serving as the tokenization partner. The firm has expanded its range of products to include neon green, a sustainable account for Switzerland‘s market.

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industries
Fintech & Banking
applications
Web and Content Management

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