Neo Financial secures $185 million credit facility from ATB Financial and credit unions to support its credit card program growth.
PRIVATEOct 22, 2026
Amount Raised
C$185 Million
Round Type
Debt Financing
CalgaryFinanceFintech
Investors
Innovation Federal Credit UnionAlterna Savings and Credit UnionBeem Credit UnionVancityATB Financial
Description
Neo Financial has closed a $185 million credit facility from ATB Financial and several credit unions. This facility will support the expansion of Neo's credit card program and increase funding capacity for its credit card receivables. The arrangement allows Neo to borrow against a pool of assets without giving up equity. There is potential to increase this facility up to $250 million.
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Company Information
Company
Neo Financial
Location
Calgary, Alberta, Canada
About
Neo is a leading Canadian fintech company reimagining spending, savings, investments, and mortgages through intuitive and accessible financial tools that help customers get more value from every dollar they earn, save, and spend. Recognized as Canada’s #1 Startup by LinkedIn for two consecutive years, Neo partners with local retailers, major enterprises, and financial institutions to help shape the future of financial services.
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CalgaryFinanceFintech