logo
logo

Neo Financial Raises $50 Million in Series A Funding and Debt Financing

Dec 16, 2020almost 5 years ago

Amount Raised

$50 Million

Round Type

series a

Calgary

Description

Today, Neo Financial (Neo), a technology company created by two of the co-founders of SkipTheDishes, announced it has completed a $25 million Series A fundraising round alongside $25 million in debt facility financing, bringing this funding round total to $50 million CAD. Amidst an unprecedented year, this raise marks one of the largest Series A funding rounds in Western Canada.

Company Information

Company

Neo Financial:

Location

Calgary, Alberta, Canada

About

Neo Financial (Neo) is a technology company working hard to build a better financial experience for all Canadians. Founded in 2019 by co-founders of SkipTheDishes, Neo is re-imagining spending, savings and rewards by using technology to simplify finances and create rewarding experiences for all Canadians.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech