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 […]
Neo Financial
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 […]
Neo Financial Leads Deloitte’s 2024 Technology Fast 50
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, Clean Technology and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 27th year. The Technology Fast 50 program recognizes the achievements of Canada’s leading technology companies—highlighting their commitment to innovation, strong leadership, […]
Neo Partners with CI Financial to Launch Seamless Wealth and Banking Solutions for Canadians
Calgary’s Neo Financial is partnering with CI Financial to introduce a new suite of everyday deposit and credit products. The partnership will introduce a new range of financial products designed to deliver a seamless, integrated financial experience to clients of CI Financial’s Canadian wealth management businesses, empowering them to easily manage their wealth and everyday financial needs with ease. […]
Calgary’s Neo Financial Tops 2024 List of Canada’s Fastest-Growing Companies
Calgary’s own Neo Financial is #1 on the 2024 Report on Business magazine’s annual ranking of Canada’s Top Growing Companies. The list celebrates Canadian businesses that have demonstrated exceptional growth and innovation. Neo Financial achieved this recognition thanks to an unbelievable three-year revenue growth of 38,431%. Neo Financial’s rapid rise to the top of the […]
Neo Financial Empowers New Canadians with Enhanced Credit Reporting
According to a Statistics Canada report released last year, all immigrant families, regardless of years in Canada, were less likely than Canadian-born families to have access to lines of credit.