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 Neo Financial Announces $64 Million Series B Raise To Accelerate Growth

PRIVATESep 15, 2021

Amount Raised

$64 Million

Round Type

Series B

CalgaryFinanceFintech

Description

Neo Financial (Neo), a financial technology company created by two of the co-founders of SkipTheDishes, today announced their $64 million Series B fundraising round. This brings Neo’s total funding to $114 million CAD, with Valar Ventures leading both Series A and B rounds.

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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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Neo Financial raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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