# Neo Financial: Financial services, Calgary, Canada

> Neo Financial: Neo Financial is a Canadian fintech company based in Calgary, Alberta, that offers digital-first consumer banking products and co-branded...

Source: https://millionrounds.com/startup/neo-financial (Millionrounds; every figure on the page links to its filing or article)

Canada · [Financial services startup](https://millionrounds.com/companies)

# Neo Financial

Neo Financial is a Canadian fintech company based in Calgary, Alberta, that offers digital-first consumer banking products and co-branded loyalty programs.

Funding reported Last round: Series C

Financial services Calgary, Canada

Company summary

- **Founded:** 2019 7 years old
- **Team:** 750 201 to 1,000 people
- **Funding reported:** 235.8M as listed, currency not stated
- **Last round:** Series C May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Neo Financial has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Neo Financial

Neo Financial is a Canadian fintech company based in Calgary, Alberta, that offers digital-first consumer banking products and co-branded loyalty programs.

Founded in 2019, the company aims to simplify financial management for Canadians by providing intuitive, no-fee tools for spending, saving, borrowing, and investing. Neo Financial officially launched its services in September 2020 and has since attracted over 1 million individual consumers, primarily targeting younger demographics. The company provides a hybrid financial platform that includes credit cards, savings accounts, investment opportunities, and mortgages. Its offerings feature customizable cashback rewards, high-yield savings options, and AI-powered budgeting tools. Neo Financial partners with licensed institutions to deliver insured services, positioning itself as a modern alternative to traditional banking. With over 10,000 retail partners, including well-known brands like Tim Horton’s and Hudson’s Bay, Neo Financial focuses on enhancing customer experiences through innovative financial solutions.

## What company datasets say Neo Financial raised

Funding, as reported

Reported in all **235.8M** in the source's currency

Rounds **6**

Last round **Series C**

Last round size **110M**

Last round date **May 2022**

Investors listed **21**

Valuation **$780M, Oct 2024**

## Founders and team

From Neo Financial's own website: 3 founders.

**Chris Simair** Co-founder, President & Head of Operations

**Andrew Chau** Co-founder & CEO

**Jeff Adamson** Co-founder & Chief Commercial Officer

## On 9 portfolio pages

Investors who name them

- [Afore Capital](https://millionrounds.com/fund/afore-capital)
- [Breyer Capital](https://millionrounds.com/fund/breyer-capital)
- [Tribe Capital](https://millionrounds.com/fund/tribe-capital)
- [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc)
- [Harvest Venture Partners](https://millionrounds.com/fund/harvest-venture-partners)
- [Maple VC](https://millionrounds.com/fund/maple-vc)
- [Ventura Capital](https://millionrounds.com/fund/ventura-capital)
- [Plaza Ventures](https://millionrounds.com/fund/plaza-ventures)
- [Evolution VC](https://millionrounds.com/fund/evolution-vc)

Each firm lists Neo Financial on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

investment diversification multi-account management mobile payments interest calculation investment services consumers youth financial services interest rate features business solutions user-friendly app real-time spending alerts white labelling interest rate flexibility savings goals mobile banking interest rate changes

Built with from their website

GitHub Actions JUnit Tableau dbt HREF Lang AWS Trusted Advisor Atlassian React Native Linkedin Insight Tag GitHub

+8 more

Google Workspace Xcode Playvox WFM CloudFlare Viewport Meta LinkedIn Ads Copilot Google Play

- **Sector:** Financial services
- **Industry code:** NAICS 52211, 522320, 523940
- **Region:** Alberta
- **Revenue:** 115M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/neo-financial)

## Financial services in Canada

Startups like it

- [**nesto** Montreal · founded 2018 *Raised*](https://millionrounds.com/company/nesto)
- [**Progressa** Vancouver · founded 2013 *Raised*](https://millionrounds.com/company/progressa)
- [**Lendified** Toronto · founded 2015 *Raised*](https://millionrounds.com/company/lendified)
- [**KOHO** Vancouver · founded 2014 *Raised*](https://millionrounds.com/company/koho)
- [**Helcim** Calgary · founded 2006 *Raised*](https://millionrounds.com/company/helcim)
- [**Borrowell** Toronto · founded 2014 *Raised*](https://millionrounds.com/company/borrowell)
- [**FundThrough** Toronto · founded 2014 *Raised*](https://millionrounds.com/company/fundthrough)
- [**Cybrid** Toronto · founded 2021 *Raised*](https://millionrounds.com/company/cybrid)

## Is this your company?

Add your raise, your deck and your story, and put Neo Financial in front of investors. Or tell us what we have wrong.

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