Part-Time
Offers no-fee financial products and services
$20/hr
Entry, Junior
London, ON, Canada
In Person
Canada Top Secret Clearance Required
Neo Financial provides a range of financial services designed to help Canadians manage their money more effectively. Their offerings include credit cards, savings accounts, investment options, and mortgage services, with a focus on no-fee products that come with attractive rewards. For example, the Neo Card allows users to earn instant cashback and access a wide variety of loyalty programs, enhancing the value of their spending. Unlike traditional banks, Neo Financial operates with a business model that generates revenue through interest on credit card balances and partnerships with merchants, rather than charging fees for their services. This approach sets them apart from competitors by prioritizing customer rewards and a user-friendly experience. The company's goal is to challenge established financial institutions by providing modern, accessible financial solutions that cater to the needs of today's consumers.
Company Size
501-1,000
Company Stage
Series D
Total Funding
$530.2M
Headquarters
Calgary, Canada
Founded
2019
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Stock Options
Company Equity
Tencent invests in canadian challenger bank Neo Financial.
Tencent has invested in Canadian challenger bank Neo Financial. The news was reported by Proactive, a financial news platform with a global reach, known for its expertise in medium and small-cap markets. Proactive's content is independently produced by experienced journalists and occasionally utilizes technology like generative AI to enhance workflows, though all content is human-edited.
In an impressive testament to the University of Calgary's vibrant innovation ecosystem, two alumni-founded businesses, PurposeMed and Neo Financial, took the top two spots on Deloitte's Technology Fast 50 list.
Neo Financial has raised $258.3 million (CAD 360 million) in Series D funding, comprising $78.9 million in equity and $179.3 million in debt.
Version One Ventures also invested in Neo Financial, despite it being beyond the company's "typical early-stage sweet spot".