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.
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.
People of Neo Financial
Unlock access to complete
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 |
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.
| Investor | Description | Founded Year | Domain | Location |
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Global investments in tech sectors are conducted by Valar Ventures.
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Seed-stage investments are directed toward North American startups.
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Seed-stage tech investments in US companies are funded.
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Investments & Acquisitions by Neo Financial
Financial Statements - Neo Financial
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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Neo Financial
Frequently Asked Questions about Neo Financial
Neo Financial was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Neo Financial is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Andrew Chau is the current CEO of Neo Financial. They have also founded this 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.
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.
Neo Financial's top competitors include Upgrade, Affirm and Brim Financial.
Neo Financial offers Neo Mastercard, Neo Everyday Account, Neo High-Interest Savings Account, Neo Mortgages, and Neo Investing.
Neo Financial has 27 investors. Key investors include Tribe Capital, ATB Financial, FJ Labs, Manitoba Government, and Tobias Lutke.
The valuation of Neo Financial is $1B as of May 2022.