On November 11, 2024, Neo Financial Technologies announced its raising of $362 million in a Series D financing round. This financing is composed of $112 million of equity and $250 million in debt. The company plans on utilizing the funding towards expanding its offerings to Canadians. The financing was led by an undisclosed investor and it is noted that the round had various tech leaders including Shopify co-founder and CEO Tobi Lütke, Slack co-founder Stewart Butterfield, PointClickCare co-founder and executive chair Mike Wessinger, and Roblox co-founder and CEO David Baszucki.
Neo Financial Technologies is a Calgary-based fintech company that provides spending, savings and rewards programs.
Osler, Hoskin & Harcourt LLP advised with a team consisting of Chad Bayne, Jacob Young, Patrick Musgrave, Arkie Liu (Emerging and High Growth Companies) and Tyler Warchola (Tax).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Associate, Emerging and High Growth Companies, Calgary
Associate, Emerging and High Growth Companies, Calgary
Associate, Emerging and High Growth Companies, Vancouver
Associate, Tax, Calgary
