neon Switzerland raises CHF 5 million in crowdinvesting from its customers in record time

30.06.2021 11:56, Guillaume Tinsel

Following its CHF 7 million fundraising announcement and crowd-equity launch at the beginning of June, the Zurich-based fintech neon now has received CHF 5 million from its customers in the largest crowdinvesting in Switzerland to date. The startup, which already has over 70’000 users, is thus extending the last financing from existing investors for further growth and product development.

CHF 5 million investment in less than an hour!

The Swiss banking-challenger neon is adding another CHF 5 million in investments from its user community to its successful financing round of CHF 7 million. More than 1’700 investors invested CHF 5 million within one hour on Monday 28.6.2021 and will now receive shares in neon in the form of tokenized participation certificates («non-voting shares»). The average investment amount of CHF 2’913 was significantly above the minimum investment amount, while the investment period of one week was very clearly undercut at the same time.

On the picture: neon co-founder and CEO Jörg Sandrock on the TOP 100 stage in 2020

«We are overwhelmed by the demand and the very positive response from our community! We realized that the original target of CHF 1.5 million was not enough to reach a large number of customers, so we increased the amount to CHF 5 million », says Jörg Sandrock, CEO, and co-founder of neon.

neon was ranked #33 at the TOP 100 Swiss Startup Award in 2020. 
 

Source: neon Switzerland Press Release