The Calgary-based digital bank has raised more than $650-million over four funding rounds since 2019, and has become one of Canada’s fastest growing companies

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Neo Financial raises $360-million, backed by Shopify’s Tobi Lutke, Slack founder Stewart Butterfield, others

CALGARY, Alberta & WINNIPEG, Manitoba & TORONTO --  Neo Financial (“Neo”), a leading Canadian financial technology company, announced today their CAD $360 million Series D fundraising round, consisting of CAD $110M of equity and CAD $250M of debt. This round of funding includes investments from renowned Canadian founders and entrepreneurs bringing in their wealth of experience in scaling global tech brands, including Tobi Lütke (CEO and founder …

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Neo Financial Raises $360M to Accelerate Growth and Position Itself as Leading Challenger to Banks in Canada

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Canadian digital bank Neo Financial raised a CA$360M Series D from Shopify CEO Tobi Lütke, Slack co-founder Stewart Butterfield, and others

Calgary and Winnipeg-based challenger bank Neo Financial has secured $360 million CAD in Series D financing as the scaleup looks to build on its growth and offer Canadians more competitive alternatives to traditional banks.
The financing, which closed last month, consists of $110 million CAD in…

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The post Neo Financial’s valuation plunges with new $362M fundraising round, documents reveal appeared first on The Logic.

The Logic

Neo Financial’s valuation plunges with new $362M fundraising round, documents reveal

Calgary and Winnipeg-based challenger bank Neo Financial has secured $360 million CAD in Series D financing as the scaleup looks to build on its growth and offer Canadians more competitive alternatives to traditional banks. The financing, which closed last month, consists of $110 million CAD in equity and $250 million CAD in debt. In addition to new and returning investors, the round features a number of notable tech leaders, including Shopify c…

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Neo Financial takes aim at Canadian banks with $360-million Series D

The new capital, including funding from Shopify founder Tobi Lütke and Slack founder Stewart Butterfield, will accelerate the expansion of Neo Financial’s suite of innovative financial services products, offering competitive alternatives to traditional banks CALGARY, Alberta & WINNIPEG, Manitoba & TORONTO–(BUSINESS WIRE)–Neo Financial (“Neo”), a leading Canadian financial technology company, announced today their CAD $360 million Series D fundra…

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The new capital, including funding from Shopify founder Tobi Lütke and Slack founder Stewart Butterfield, will accelerate the expansion of Neo Financial’s suite of innovative financial services products, offering competitive alternatives to traditional banks Neo Financial (“Neo”), a leading Canadian financial technology company, announced today their CAD $360 million Series D fundraising round, consisting of CAD $110M of equity and CAD $250M of …

Neo Financial raises $360-million, backed by Shopify’s Tobi Lutke, Slack founder Stewart Butterfield, others

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