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Swiss Fintech Neon Raises Five Million CHF
The Zurich-based fintech neon has received 5 million CHF from its customers in the largest crowdinvesting in Switzerland to date. The start-up, which already has over 70’000 users, is thus extending the last financing from existing investors for further growth and product development.
5 million CHF investment in less than an hour
The Swiss banking-challenger neon is adding another 5 million CHF in investments from its user community to its successful financing round of 7 million CHF. More than 1’700 investors invested 5 million CHF within one hour on Monday (28.6.2021) and will now receive shares in neon in the form of tokenised participation certificates («non-voting shares»).
The average investment amount of 2’913 CHF was significantly above the minimum investment amount, while the investment period of one week was very clearly undercut at the same time.
“We are overwhelmed by the demand and the very positive response from our community! We realised that the original target of 1.5 million CHF was not enough to reach a large number of customers, so we increased the amount to 5 million CHF”, says Jörg Sandrock, CEO and co founder of neon.
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