On May 5, 2022, Neo Financial Technologies announced it had completed its $185 million Series C financing round led by Valar Ventures with participation from Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Investment Advisory. This round values Neo Financial at more than $1 billion, turning the company to unicorn status. With this financing, Neo Financial will continue to build its business by making a play to become one of Canada’s leading financial technology companies through its products including Neo Card, Neo Money account, Neo Invest, and other upcoming products.
Neo Financial Technologies is a Calgary-based FinTech company that provides spending, savings, and rewards programs.
Osler, Hoskin & Harcourt LLP advised Neo Financial Technologies with a team consisting of Chad Bayne, David Jamieson, Jacob Young (Emerging and High Growth Companies) and Michael Pede (Corporate).