On September 15, 2021, Neo Financial announced it had completed its $64 million Series B financing round led by Valar Ventures with participation from Greenoaks Capital, Altos Ventures, Breyer Capital, Golden Ventures, Afore Capital, Inovia Capital, and Maple VC. The proceeds from the financing will be used to expand its product suite and grow its team.
Neo Financial is a Calgary-based technology firm specializing in modernizing Canadian banking.
Osler, Hoskin & Harcourt LLP advised Neo Financial with a team consisting of Chad Bayne and David Jamieson (Emerging and High Growth Companies).