Neo Financial, a Canada-based neobank, has raised $258 million in Series D funding. The new money included around $79 million in equity and $179 million in debt capital. Neo Financial offers various digital banking services in partnership with Peoples Bank of Canada. As a neobank,… Read More
Read more in: Fintech, Canada | Tagged banking, neo financial, neobank
Neo Financial announced that the Neo Secured Credit card, along with all Neo credit card products, will now report to Equifax Canada, in addition to its existing reporting to TransUnion, giving Canadians a full credit profile for broader lender acceptance. The Neo Secured Credit card… Read More
Read more in: Fintech, Canada | Tagged canada, credit cards, equifax, neo financial
Neo Financial is announcing the launch of the Neo Money card, expanding on the benefits of the high-interest Neo Money account with credit-like rewards when you spend. In 2022, Canadians “saw the largest increase in inflation since 1982 resulting in almost half (44%) of Canadians… Read More
Read more in: Fintech | Tagged andrew chau, debit cards, financial services, neo, neo financial, Payment Cards
Neo Financial is pleased to confirm that they recently secured $185 million in new funding “to continue building better, more modern financial services for all Canadians.” According to Neo Financial, this is “a historic milestone for [them,] as [they] are now one of only a… Read More
Read more in: Fintech, Canada | Tagged canada, digital financial services, financial servics, fintech adoption, fintech trends, investment round, neo financial
Neo Financial, a Canadian fintech based in Winnipeg, Man., has made great strides since its founding in the fall of 2019. This week Neo Financial received $1.6 million from the Province of Manitoba’s Industry Expansion Program to train 300 new and 32 existing employees in… Read More
Read more in: Canada, Fintech | Tagged andrew chau, deliveroo, fintech, greenoaks capital, hudsons bay, neo financial, robinhood, stripe, valar ventures, winnipeg
Canadian fintech Neo Financial announced on Wednesday it raised $50 million between its Series A investment and debt financing. The funding round was led by Valar Ventures with participation from Tobi Lutke, the CEO and founder of Shopify; Golden Ventures; Inovia Capital; Thomvest; Afore… Read More
Read more in: Fintech, Canada | Tagged canada, debt financing, fintech, investment, neo financial, series a
Canadian residents will soon have the option to open a new savings account, which will be introduced by Fintech firm Neo Financial. The banking challenger is currently working on a 2020 product launch. Neo Financial has been established by two of the co-founders of SkipTheDishes,… Read More
Read more in: Canada, Fintech | Tagged andrew chau, banking challenger, canada, challenger bank, digital banking, neo financial, neobank, rbc, royal bank of canada, savings account
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