Neo Financial Secures $68.5M in Equity

Neo Financial, headquartered in Calgary, Alberta, is a financial technology company providing credit cards, everyday banking, and investment services. The company has secured $68.5 million CAD in equity funding to support its growth and securitization initiatives, bringing its total funding raised to over $700 million.

Investors

This funding round was backed by a syndicate of more than 100 Canadian investors, entrepreneurs, and founders, with participation from Alberta Investment Management Corporation (AIMCo), Northleaf Capital Partners, Plaza Ventures, Sandstone Asset Management, and Caldwell Growth Opportunities Fund.

Neo Financial Use of Funds

Neo Financial will use the new capital to launch its inaugural securitization program. This strategy allows the company to scale its lending portfolio and align its risk management practices with Tier 1 banking standards by securitizing credit assets.

About Neo Financial

Founded in 2019 and led by CEO Andrew Chau, Neo Financial is a technology company dedicated to providing Canadians with improved financial experiences. The company offers a suite of products including credit cards, high-interest savings accounts, investment platforms, and mortgage services, alongside B2B financial solutions for partners.

Funding Details

Company Website: https://neofinancial.com

Company: Neo Financial
Raised: $68.5M
Round: Growth Capital
Funding Date: February 2026
Additional Investors: Alberta Investment Management Corporation (AIMCo), Northleaf Capital Partners, Plaza Ventures, Sandstone Asset Management, Caldwell Growth Opportunities Fund
Company Website: https://neofinancial.com
Software Category: Fintech
Source: https://www.newswire.ca/news-releases/neo-financial-secures-68-5m-in-equity-backed-by-100-canadian-investors-to-fuel-securitization-strategy-847296811.html