neon announced closing a CHF 5 million capital from Helvetia Venture Fund, QoQa Services, Backbone Ventures, TX Group and the Schwyzer Kantonalbank

neon, a Zurich, Switzerland-based neo bank, announced closing a CHF 5M ($5.5M) capital investment round.

The funding was provided by a range of Swiss investors including Helvetia Venture Fund, QoQa Services SA, Backbone Ventures, TX Group, the Schwyzer Kantonalbank innovation foundation and the “Höhle der Löwen” investors Roland Brack and Bettina Hein.

neon, founded in 2017 and led by CEO Jörg Sandrock, Simon Youssef, Julius Kirscheneder and Patric Ammann, offers a simple, user-friendly and secure account solution as an app for all smartphones. The company has 20 employees and claims to have 30,000 customers targeted with a Swiss solution for a mobile, inexpensive and easy-to-use smartphone account.