Neo Financial

Neo Financial is a fintech company reimagining the way Canadians manage their money with tech-first financial tools to spend, save, invest and more in the digital age.

Neo Financial was built on the premise that Canadians have been underserved in their finances for far too long. 

Neo Financial was founded in 2019 by Andrew Chau, Jeff Adamson and Kris Read. The company is headquartered in Calgary, Alberta, with an office in Winnipeg, Manitoba, Canada.

 

Neo offers a variety of products to its customers, including cash-back rewards and savings. It expanded into investing in April 2022 with a private wealth management product, and plans a mortgage offering for later this year.

 

Neo has also expanded beyond just offering personalized loyalty card programs and into launching co-branded card programs, “buy now, pay later” options (BNPL), point of sale installment financing and subscription-based loyalty services for both online and brick and mortar retailers.

 

Neo Financial has partnered with over 7,000 local and national retailers, including Hudson’s Bay, The Home Depot, H&R Block, Boston Pizza, Goodfood. Neo has surpassed 1 million customer.

 

Neo is backed by Valar Ventures, Greenoaks Capital, Altos Ventures, Breyer Capital, Tribe Capital, Golden Ventures, Afore Capital, Inovia Capital, Thomvest, Maple VC, and others. The company raised $145.2M (CAD$185M) in Series C round on May 05, 2022. This brings Neo's total funding to $234.7M (CAD$299M) to date. The latest round valued the company at a $784.8M post-money.

 

 

  • Year founded: 2019
  • Funding Info: $234.7M (CAD$299M) over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $784.8M as of May 05, 2022
  • City/Town: Calgary
  • State: Alberta
  • Country: Canada
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