Neo Financial - About the company
Neo Financial is a series D company based in Calgary (Canada), founded in 2019 by Andrew Chau and Jeff Adamson. It operates as a Provider of financial products and services including credit cards, accounts, and investment options. Neo Financial has raised $344M in funding from investors like Valar Ventures, Thomvest Ventures and Afore Capital, with a current valuation of $389M - $698M. The company has 1594 active competitors, including 149 funded and 96 that have exited. Its top competitors include companies like Nubank, Monzo and Chime.
Sectors and market segments that Neo Financial operate in
Neo Financial serves in the FinTech market segments.The primary business model of Neo Financial is:Company Details
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.
- Website
- www.neofinancial.com/
- Social
- Email ID
- *****@neofinancial.com
- Registered Address
- 6200-100 King St W, 1 First Canada Pl, Toronto
Key Metrics
Founded Year
2019
Location
Calgary, Canada
Stage
Series D
Total Funding
$344M in 8 rounds
Latest Funding Round
Post Money Valuation
$389M - $698M as on Oct 09, 2024
Investors
Ranked
15th among 1594 active competitors
Employee Count
990 as on Sep 30, 2026
Legal entities associated with Neo Financial
Neo Financial is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Neo Financial Technologies Inc. CIN: 12039494 , Canada, Active | May 04, 2020 | - | 751 (As on Nov 30, 2024) | - |
Sign up to download Neo Financial's company profile
Neo Financial's funding and investors
Neo Financial has raised a total funding of $344M over 8 rounds. Its first funding round was on Dec 16, 2020. Its latest funding round was a Series D round on Feb 03, 2026 for $50.2M. 4 investors participated in its latest round. Neo Financial has 25 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Neo Financial:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 03, 2026 | $50.2M | Series D | - | - | - | |
Nov 11, 2024 | $78.9M | Series D | - | - | ||
Nov 10, 2024 | $179M | Conventional Debt | - | - | - |
Access funding benchmarks and valuations. Sign up today!View details of Neo Financial's funding rounds and investors
Neo Financial's founders and board of directors
Founder? Claim ProfileThe founders of Neo Financial are Andrew Chau and Jeff Adamson. Andrew Chau is the CEO of Neo Financial.
Here are the details of Neo Financial's key team members:
- Andrew Chau: Co-Founder & CEO of Neo Financial. They are also an angel investor in 3 startups and serve on the board of 1 company.Contact Info: 1 email address
- Jeff Adamson: Co-Founder Head of Partnerships & CCO of Neo Financial. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
Neo Financial's Board of Directors
Neo Financial's board has 4 active members. Andrew Chau, Jeff Adamson, Andrew McCormack and Chris Simair are part of team.Here is the list of Neo Financial's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 6m | |
Team | - | Current | 6y 6m | |
Team | - | Current | 6y 6m | |
Team | - | Current | 6y 6m |
View details of Neo Financial's Founder profiles and Board Members
Neo Financial's employee count trend
Neo Financial has 990 employees as of Sep 26. Here is Neo Financial's employee count trend over the years:
Uncover Neo Financial's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Neo Financial's Competitors and alternates
Top competitors of Neo Financial include Nubank, Monzo and Chime. Here is the list of Top 10 competitors of Neo Financial, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital banking services, including credit cards and accounts | $2.27B | 89/100 | ||
2nd |  Monzo 2015, United Kingdom, Series I | Provider of digital banking services including savings accounts and loans | $2.41B | 84/100 | |
3rd |  Chime 2012, San Francisco (United States), Public | Digital bank for individuals | $3.15B | 83/100 | |
4th | Starling Bank 2014, London (United Kingdom), Series D | Provider of digital banking services including savings and payment accounts | $1.01B | 83/100 | |
5th | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 82/100 | |
6th | Dave 2016, Los Angeles (United States), Public | Developer of a mobile banking application offering financial management tools | $63.6M | 81/100 | |
7th |  Atom bank 2014, Blyth (United Kingdom), Series F | Provider of digital savings accounts mortgages and commercial business loans | $852M | 79/100 | |
8th | Green Dot 1999, Pasadena (United States), Acquired | Provider of mobile banking services, debit cards, and related financial products | $109M | 79/100 | |
9th | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 78/100 | ||
10th | Provider of digital banking services including savings accounts and loans | $187M | 78/100 | ||
15th |  Neo Financial 2019, Calgary (Canada), Series D | Provider of financial products and services including credit cards, accounts, and investment options | $344M | 77/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Neo Financial's competitors? Click here to see the top ones
Neo Financial's Investments and acquisitions
Neo Financial has made no investments or acquisitions yet.
Reports related to Neo Financial
Here is the latest report on Neo Financial's sector:
News related to Neo Financial
Filter this listMedia has covered Neo Financial for a total of 13 events in the last 1 year, 3 of them have been about company updates and 3 about partnerships.
•
Calgary’s Neo Financial lays off 10% of its staff, CEO saysCalgary Herald•Sep 09, 2026•Neo Financial
•
Neo Financial Launches Four New Credit Cards Tailored to Canadian Spending HabitsCNW•Jun 04, 2026•Neo Financial
•
iFinance Canada and Neo Financial Expand Credit Access for CanadiansThe Newswire•May 14, 2026•Neo Financial
•
Neo Financial & United Airlines Launch MileagePlus Neo World Elite MastercardCNW•Apr 15, 2026•Neo Financial, United Airlines
•
BMO's Labelled Indigenous Bond Named Environmental Finance's Social Bond of the YearCNW•Apr 14, 2026•BMO, Neo Financial
•
•
iFinance and Neo Financial Partner to Offer Personal Loans in CanadaCNW•Apr 02, 2026•Ifinancecanada, Neo Financial
•
Neo Financial and United Airlines Launch Travel Rewards Mastercard for CanadiansCNW•Feb 24, 2026•Neo Financial, United Airlines
•
Calgary’s Neo Financial just raised a pile of money from big investors. Now, it's about to growCalgary Herald•Feb 04, 2026•AIMCo, Neo Financial, Northleaf
•
Canadian fintech Neo Financial raises $258m in mix of equity andFinTech Futures•Dec 06, 2025•Neo Financial
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Neo Financial
Explore our recently published companies
- Ray White Rural Coonabarabran - Unfunded company
- Used Lasers - Deerfield Beach based, Unfunded company
- ANTIQUITES LASSAUSSOIS - Chartres based, 1993 founded, Unfunded company
- Keelen & - United States based, 2017 founded, Unfunded company
- Mail Marketing - Largo based, 1986 founded, Unfunded company
- MaximEyes - Sioux Falls based, 1994 founded, Unfunded company
