Calgary-born Neo Financial has raised $68.5 million in an oversubscribed funding round led by a syndicate of more than 100 Canadian investors, at a higher valuation than its $362-million Series D round led by China’s Tencent in the fall of 2024. The round brought together a broad mix of Canadian founders, entrepreneurs, and institutional investors, […]
Neo Financial
Eight Alberta Companies Named to Deloitte’s 2025 Technology Fast 500 Ranking
Alberta’s tech sector continues to show national momentum, with eight companies earning spots on Deloitte’s 2025 Technology Fast 500, a prestigious ranking of the fastest-growing technology, media, telecom, life sciences, fintech, and energy tech firms in North America. Now in its 31st year, the Fast 500 highlights companies that have achieved outstanding revenue growth between […]
Neo Unveils Eastward Expansion to ‘Deliver Financial Victory’ to More Canadians
Neo Financial is expanding operations into Canada’s finance capital, Toronto. Calgary’s Neo, the first company to top Deloitte Technology Fast 50 three years straight, confirmed that it launched an official permanent hub in Ontario this year. The GTA region, says Neo cofounder Jeff Adamson, “is known globally as a financial and technology center of excellence.” […]
Calgary Tech Leaders Shine in Deloitte’s 2025 Fast 50 Rankings
Three Calgary companies—Neo Financial, Orennia, and ZayZoon—have once again put Alberta’s tech ecosystem on the national stage in Deloitte Canada’s 2025 Technology Fast 50 program. Neo Financial claimed the #1 spot in the Enterprise—Industry Leader category with an impressive three-year revenue growth rate of 1,279%, marking its third consecutive year topping a Fast 50 category. […]
Calgary AI Startup Launches Tech to Solve ‘Document Chaos’ for the Mortgage Industry
The mortgage industry has a problem, according to one startup recently launched in the Calgary area. The most painful part of the mortgage process—document review—hasn’t changed in decades, with brokers and lenders wasting time on paperwork. Three entrepreneurs have started a local company with intentions to address this issue. Wayne Kainu, Lucas Scheer, and Sebastien […]
From Funding to Awards, Calgary and Edmonton Show Signs of Success in Early 2025
Two months into the year, the region of Alberta is off to a strong start in 2025. The energy currently flowing through the province, which we’ll highlight in a moment, is not from nowhere—it builds on momentum from throughout 2024. For example, Alberta outpaced B.C. for venture capital investment for the first time ever last […]
Amid a ‘Broken System,’ Fintech Leaders in Alberta Advance ‘Bolder’ Vision for Canada
An army comprised of some of Canada’s biggest names in financial technology has launched a digital campaign encouraging the nation’s entrepreneurs to envision a “bolder, richer, freer country.” Lamenting the country’s current status as “stagnant” and “broken,” despite having world-class resources and talent, Build Canada is described as a platform of ideas for growth, innovation, […]
Recognizing the Success of Financial Technology Innovation in Alberta in 2024
This year the province of Alberta surpassed BC in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. Following this “continued momentum” up, Start Alberta recently recognized the top areas for venture capital flow in the province through 2024. And at the head of the pack, in front of Energy and […]
Funding Momentum Among Calgary Innovators During First Half of 2024 Continues to Year End
In August, Calgary.tech reported that, through the first half of 2024, the province of Alberta surpassed BC—for the first time—in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. “The second quarter of 2024 continued the momentum we saw earlier in the year, with steady venture capital investment,” stated Kim […]
Neo Secures $360M, Leading Calgary’s Fintech Surge
Calgary-born fintech Neo Financial has secured a $360 million Series D fundraising round consisting of $110 million of equity and $250 million of debt. The funding round includes investments from renowned Canadian founders and entrepreneurs including Tobi Lütke (Shopify), Stewart Butterfield (Slack), David Baszucki (Roblox), and Mike Wessinger (PointClickCare). Existing investors, including Valar Ventures, Golden Ventures, Afore […]