About Neo Financial
Neo Financial is a company based in Calgary (Canada) founded in 2019 by Jeff Adamson, Chris Simair, Andrew Chau, and Kris Read.. Neo Financial has raised $343.83 million across 8 funding rounds from investors including Tribe Capital, ATB Financial and FJ Labs. Neo Financial offers products and services including Neo Mastercard, Neo Everyday Account, Neo High-Interest Savings Account, Neo Mortgages, and Neo Investing. Neo Financial operates in a competitive market with competitors including Upgrade, Affirm, Brim Financial, Zytara and BUY WITH IMPACT, among others.
- Headquarter Calgary, Canada
- Founders Jeff Adamson, Chris Simair, Andrew Chau, Kris Read
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$343.83 M (USD)
in 8 rounds
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Latest Funding Round
$50.15 M (USD), Series D
Feb 03, 2026
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Investors
Tribe Capital
& 26 more
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Employee Count
Employee Count
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Products & Services of Neo Financial
Neo Financial offers a comprehensive portfolio of products and services, including Neo Mastercard, Neo Everyday Account, Neo High-Interest Savings Account, Neo Mortgages, and Neo Investing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Credit card providing up to 7% cashback on spending with rewards.
Free account offering boosted cashback and zero fees for users.
Account earning 3.00% daily interest with no maintenance costs.
Personalized mortgage options with competitive rates and expert support.
Platform for managed portfolios with low fees and AI insights.
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Software Development Team
68 people
Customer Team
20 people
Finance and Accounting
15 people
Operations Team
15 people
Senior Team
13 people
Leadership Team
10 people
Product Management Team
8 people
Human Resources and Administration
7 people
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Funding Insights of Neo Financial
Neo Financial has successfully raised a total of $343.83M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $50.15 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $50.2M
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First Round
First Round
(16 Dec 2020)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2026 | Amount | Series D - Neo Financial | Valuation |
investors |
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| Nov, 2024 | Amount | Series D - Neo Financial | Valuation | Afore Capital , Thomvest Ventures | |
| Nov, 2024 | Amount | Debt – Conventional - Neo Financial | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neo Financial
Neo Financial has secured backing from 27 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Tribe Capital, ATB Financial and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Global investments in tech sectors are conducted by Valar Ventures.
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Founded Year | Domain | Location | |
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Seed-stage investments are directed toward North American startups.
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Founded Year | Domain | Location | |
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Seed-stage tech investments in US companies are funded.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neo Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Neo Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neo Financial Comparisons
Competitors of Neo Financial
Neo Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upgrade, Affirm, Brim Financial, Zytara and BUY WITH IMPACT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
NFC-enabled credit card solutions are offered for individuals and families.
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| domain | founded_year | HQ Location |
Digital banking platform is offered for gamers and esports community.
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| domain | founded_year | HQ Location |
Operates an impact investment platform to connect users with meaningful opportunities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Neo Financial
Frequently Asked Questions about Neo Financial
When was Neo Financial founded?
Neo Financial was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Neo Financial located?
Neo Financial is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Neo Financial?
Andrew Chau is the current CEO of Neo Financial. They have also founded this company.
Is Neo Financial a funded company?
Neo Financial is a funded company, having raised a total of $343.83M across 8 funding rounds to date. The company's 1st funding round was a Series D of $79.05M, raised on Dec 16, 2020.
What does Neo Financial do?
Provider of financial products and services including credit cards, accounts, and investment options. It offers various credit card options with cashback rewards. Account services include everyday accounts and high-interest savings accounts. Investment options are also available through expertly managed portfolios. It also offers customized financial and loyalty solutions for businesses and brands. This platform enables organizations to enhance customer engagement through integrated rewards programs leveraging a robust cashback network. It also provides financial services and education for teenagers by offering financial tools, including a spending card with cashback rewards and a high-interest savings account, designed to help young individuals manage their money effectively. Its app is available across Android and iOS platforms.
Who are the top competitors of Neo Financial?
Neo Financial's top competitors include Upgrade, Affirm and Brim Financial.
What products or services does Neo Financial offer?
Neo Financial offers Neo Mastercard, Neo Everyday Account, Neo High-Interest Savings Account, Neo Mortgages, and Neo Investing.
Who are Neo Financial's investors?
Neo Financial has 27 investors. Key investors include Tribe Capital, ATB Financial, FJ Labs, Manitoba Government, and Tobias Lutke.
What is Neo Financial's valuation?
The valuation of Neo Financial is $1B as of May 2022.