Neo Financial Technologies Inc.
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Neo Financial Technologies Inc. - overview
Established
2019
Location
Calgary, AB, Canada
Primary Industry
Financial Services
About
Based in Canada, Neo Financial Technologies Inc. offers that enhances consumer banking through innovative financial products, focusing on cashback rewards and high-interest savings solutions. Founded in 2019 and headquartered in Calgary, Canada, Neo Financial Technologies Inc. specializes in providing modern financial solutions.
The company was co-founded by Andrew Chau, Chris Simair, Jeff Adamson, and Kris Read. In October 2024, Neo Financial Technologies Inc. raised CAD 112 million in series D funding led by new investor Tencent Investment, with participation from returning investors Golden Ventures, Valar Ventures, Afore Capital and Thomvest Ventures. New investors Ligo Partners and Version One Ventures, individual and other unspecified investors also participated in the round.
The round was part of a larger CAD 362 million series D and debt funding. Neo Financial™ offers a range of financial products aimed at improving customer banking experiences, including the Neo credit cards—such as the Neo Mastercard, Neo World Mastercard®, and Neo World Elite® Mastercard—as well as the Neo Everyday account and the Neo High-Interest Savings account. Customers can earn cashback rates of up to 7% on purchases, while the savings account provides an interest rate of 3. 00%.
These products are designed to facilitate better financial management and encourage spending at local businesses.
Current Investors
Inovia Capital, Thomvest Ventures, Valar
Primary Industry
Financial Services
Sub Industries
Retail Banks, Investment Banking, e-Financial, Monitoring & Security Software, Accounting/Finance Software
Website
www.neofinancial.com
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Series D
Total Amount Raised
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Neo Financial Technologies Inc. - employee data
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