FundedIQ
Financial Services

Neo Financial: Funding, Investors & Team (Aug 2026)

Neo Financial is a FinTech company that provides spending, savings, and rewards programs. Through partnerships with leading financial institutions, Neo provides members with a safe and secure way to spend and save. Neo’s credit card is issued by ATB Financial and backed by the Mastercard network, and the Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Neo is headquartered in Calgary, AB, and is backed by top investors across North America. Founded in 2018 by co-founders of SkipTheDishes, it uses technology to simplify finances and create rewarding experiences for all Canadians.

www.neofinancial.com LinkedIn Calgary, Canada 501-1000 employees
Total raised
$197M
Rounds
3
Latest
Series C
May 2022

Neo Financial has raised $197M across 3 funding rounds on record, the most recent a Series C of $144M announced in May 2022.

That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Neo Financial Company Profile and Key Stats

Total funding raised
$197M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Series C
$144M in May 2022
Employees
501-1000
reported band
Headquarters
Calgary, Canada

Latest funding round on record: May 2022.

Neo Financial Funding Rounds

Date
Round
Amount
Series C
$144M
Grant
$1.6M
Series B
$50.7M

Neo Financial raised $50.7M in a Series B announced in Sep 2021.

2 months later, a Grant of $1.6M was announced in Nov 2021.

6 months later, a Series C of $144M was announced in May 2022.

Neo Financial Founders and Leadership Team

Name
Role
Contact
Andrew Chau
CEO
Locked

Contact details for the Neo Financial team: 1 of 1 has an email address on file.

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Neo Financial Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
3,081
$2.2M
1,814
$58M

Neo Financial's latest round of $144M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Neo Financial Funding FAQs

What does Neo Financial do?

Neo Financial is a FinTech company that provides spending, savings, and rewards programs. Through partnerships with leading financial institutions, Neo provides members with a safe and secure way to spend and save. Neo’s credit card is issued by ATB Financial and backed by the Mastercard network, and the Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Neo is headquartered in Calgary, AB, and is backed by top investors across North America. Founded in 2018 by co-founders of SkipTheDishes, it uses technology to simplify finances and create rewarding experiences for all Canadians.

How much funding has Neo Financial raised?

Neo Financial has raised $197M across 3 rounds on record. The most recent is a Series C of $144M announced in May 2022.

When did Neo Financial last raise funding?

Neo Financial's most recent funding round on record is a Series C of $144M, announced in May 2022.

Who is the CEO of Neo Financial?

Andrew Chau is listed as CEO at Neo Financial.

Where is Neo Financial headquartered?

Neo Financial is based in Calgary, Alberta, Canada.

How many employees does Neo Financial have?

Neo Financial is in the 501-1000 employee band.

How does Neo Financial's funding compare to other Financial Services startups?

Neo Financial's latest round of $144M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Neo Financial Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Neo Financial is left off this page rather than filled in.

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