Big-name investors back Neo Financial ahead of loan securitization program launch

Calgary’s Neo Financial just raised a pile of money from big investors. Now, it's about to grow

Calgary-based fintech firm Neo Financial says it now has the fiscal firepower to lend more money to Canadians, after its latest funding round gained more than four times what the company expected.

Big-name investors back Neo Financial ahead of loan securitization program launch

Pension giant AIMCo, Northleaf Capital Partners and Plaza Ventures are among the investors supporting the digital bank

Neo Financial secures $68.5 million in equity as it adopts big-bank funding playbook

With millions in new funding, securitization on the horizon, and big, institutional players at its flank, Tuesday’s fundraising announcement from Neo Financial begs a question: Is the FinTech company signalling a move toward becoming a bank? Co-founder and chief commercial officer Jeff Adamson isn’t saying one way or another. The move—and institutional backing—come at a time when some Canadian FinTech companies are seeking traditional banking l…

Neo Financial raises $68.5 million at a higher valuation than 2024 round

The new capital comes just over a year after a $362-million Series D, led by China’s Tencent, which dragged down the firm's valuation

Neo Financial secures $68.5M in equity, backed by 100+ Canadian investors to fuel securitization strategy

/CNW/ - Neo Financial (Neo), one of Canada's leading financial technology companies, today announced it has raised $68.5 million in equity. The oversubscribed...