Emerging and High Growth Companies

Neo Financial Technologies in its $185 million Series C Financing

Neo Financial Technologies
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
David Jamieson

Partner, Emerging and High Growth Companies, Toronto

Michael Pede

Associate, Corporate, Calgary

Jacob Young

Associate, Emerging and High Growth Companies, Calgary

 

On May 5, 2022, Neo Financial Technologies announced it had completed its $185 million Series C financing  round led by Valar Ventures with participation from Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Investment Advisory. This round values Neo Financial at more than $1 billion, turning the company to unicorn status. With this financing, Neo Financial will continue to build its business by making a play to become one of Canada’s leading financial technology companies through its products including Neo Card, Neo Money account, Neo Invest, and other upcoming products.

Neo Financial Technologies is a Calgary-based FinTech company that provides spending, savings, and rewards programs.

Osler, Hoskin & Harcourt LLP advised Neo Financial Technologies with a team consisting of Chad Bayne, David Jamieson, Jacob Young (Emerging and High Growth Companies) and Michael Pede (Corporate).

Value
$185 million
Date Closed
May 5, 2022
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
David Jamieson

Partner, Emerging and High Growth Companies, Toronto

Michael Pede

Associate, Corporate, Calgary

Jacob Young

Associate, Emerging and High Growth Companies, Calgary