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      <p>
        Neon, a Brazil-based neobank, has raised USD 80 million in its Credit Rights Investment Fund (FIDC), focused on credit cards, increasing the total fund to USD 170 million. The fund is managed by Emprica, an asset management firm focusing on structured credit, with investments from XP and BV.
      </p>
    </li>
    <li>
      <p>
        The new funds will enable Neon to expand its portfolio as well as its customer base focusing on Brazilian workers, with plans to double its credit portfolio of USD 270 billion (as of end-2021) by the end of 2022.
      </p>
    </li>
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      <p>
        FIDC is an investment fund created to securitize different types of receivables representing different credit rights, which are traded by hedge funds and asset managers.
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  </ul>
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  <p>
    <a href="https://www.globenewswire.com/news-release/2022/07/21/2483738/0/en/Neon-raises-US-80-Million-in-its-First-Credit-Card-Investment-Fund-FIDC-to-Expand-the-Access-of-its-Products-to-More-Customers.html">
      Company press release
    </a>
  </p>
  <p>
    <a href="https://finance.yahoo.com/news/neon-raises-us-80-million-130500447.html">
      Yahoo Finance
    </a>
  </p>
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All Updates

Neon raises USD 80 million in its Credit Rights Investment Fund

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