Neo Mastercard
Credit card
Consumer credit card offering cashback at Neo partner merchants.
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Neo Financial
FinTechCalgary, AB
Calgary-based financial technology company offering credit cards, chequing and savings accounts, mortgages and investment products to Canadian consumers through a mobile app.
Canadian innovation builds a brighter tomorrow.
About
Source: neofinancial.comNeo Financial describes itself as "a financial technology company (fintech)" rather than a bank, asking on its own about page what it would mean if "the future of banking wasn't a bank". It was started by co-founders Andrew Chau, Chris Simair, Jeff Adamson and Kris Read, and states that funds held in the Neo Chequing account are eligible for CDIC insurance up to $100,000.
States on its careers page that a million customers trust it with their money. neofinancial.com
Raised a $362M CAD Series D in November 2024, comprising $112M in equity and $250M in debt. betakit.com
Became an official Interac e-Transfer participant in April 2026, gaining direct access to Canada's core payment rails. betakit.com
Raised $68.5M CAD in equity in February 2026 from AIMCo, Northleaf, Sandstone, Plaza Ventures and Caldwell. betakit.com
Products & Services
Company site: neofinancial.comProducts Neo Financial publishes on its own site. Each card links to the page it was taken from.
Neo World Elite Mastercard
Credit card
Premium tier of the Neo credit card line.
Learn moreNeo Chequing Account
Banking
Everyday chequing account with no monthly fee, Interac e-Transfer and cashback on gas and groceries. Funds eligible for CDIC insurance up to $100,000.
Learn moreNeo Savings Account
Banking
Savings account supporting up to ten named sub-accounts and joint accounts.
Learn moreNeo Invest
Investing
Managed investment portfolios offered through the Neo app.
Learn moreNeo Mortgage
Lending
Residential mortgage product offered to Canadian customers.
Learn moreFunding & Investors
Announced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Series D ($362M CAD: $112M equity, $250M debt)
Nov 11, 2024
Undisclosedbetakit.comInvestors: Valar Ventures, Version One Ventures, Golden Ventures, Afore Capital, Thomvest Ventures, Tobi Lutke, Stewart Butterfield, David Baszucki
Latest: Series D ($362M CAD: $112M equity, $250M debt) · Nov 11, 2024
Recent News
- Apr 15, 2026Other
Neo Financial becomes an Interac e-Transfer participant
Neo Financial became an official Interac e-Transfer participant, gaining direct access to core Canadian payment rails.
- Nov 11, 2024Funding
Neo Financial raises $362 million Series D
Neo Financial raised a $362M CAD Series D comprising $112M in equity and $250M in debt from a group including Valar Ventures and Version One Ventures.
People
Sourced from the company's own pages or announcements.
Andrew Chau
Co-founder & Chief Executive Officer
Chris Simair
Co-founder, President & Head of Operations
Jeff Adamson
Co-founder & Chief Commercial Officer
Kris Read
Co-founder & Chief Technology Officer
Technology Focus
Company site: neofinancial.comTerms the company uses about its own work.
Consumer credit cardsDigital chequing and savingsMortgage originationInvestment accountsCashback rewardsCredit score monitoring
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