Accion Venture Lab backs a “neo-bank” in Brazil. Jeitto is the latest Latin American fintech company to launch as a “neo-bank,” a financial services company that essentially does what traditional banks do, but with digital and mobile technology. Jeitto, which caters to low- and emerging-middle income Brazilians, aims to expand mobile money use in a country with a large number of smartphone users, but few mobile-money accounts. The Brazilian startup closed a seed round backed by Accion Venture Lab. Learn more.