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KM Financial Solutions | UPDATE 2-Brazil central bank liquidates Banco Neon in fintech setback
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UPDATE 2-Brazil central bank liquidates Banco Neon in fintech setback

03 May UPDATE 2-Brazil central bank liquidates Banco Neon in fintech setback

Posted at 22:21h in News by
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SAO PAULO, May 4 (Reuters) – Brazil’s central bank
liquidated small lender Banco Neon SA on Friday due to a breach
of regulations, and suspended operations of an associated tech
startup that had raised $22 million in venture capital the day
before.

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