Calgary-based Neo Financial has laid off 102 employees, representing roughly 10 per cent of its workforce, as the rapidly growing fintech moves to simplify its business and concentrate on fewer priorities. The cuts affected nearly every part of the company, according to a message shared with employees and published on LinkedIn by co-founder and CEO […]
Neo Financial
Neo Financial Aims for Rewards Flexibility with Launch of Four More Credit Cards
Neo Financial has revealed that it is expanding its offerings with the launch of four new credit cards. The largest product expansion in the Calgary fintech’s history gives users more choices than ever when it comes to spending rewards, according to a statement from the firm. Neo now offers more options than ever, and cardholders […]
With Help from BMO, Neo Financial Expands into Institutional Capital Markets
Calgary’s Neo Financial recently revealed that it is entering the institutional capital markets space for the first time. The Alberta fintech upstart unveiled a $150 million inaugural credit card securitization with BMO Capital Markets and Calgary-based SAF Group. BMO worked with Neo to structure a facility that fits the firm’s needs and provides committed capital […]
Neo Financial Joins Interac Network in Milestone for Calgary Fintech
Calgary-based Neo Financial has taken a major step deeper into Canada’s payments infrastructure, becoming a direct participant in Interac e-Transfer. The move makes Neo the first pure-play fintech in Canada to join the network under the country’s new Retail Payment Activities Act (RPAA) framework, marking a milestone not just for the company, but for Calgary’s […]
Neo Expands Lending with iFinance Partnership
Calgary-founded Neo Financial is partnering with iFinance Canada to expand access to personal loans for its customers, adding a new credit pathway through iFinance’s digital lending platform. The partnership allows eligible Neo users to apply for loans of up to $10,000, with instant pre-approval decisions and no impact to their credit score when checking rates. Applications […]
Neo Financial Raises $68.5M in Major Calgary Fintech Milestone
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, […]
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 […]