Neo Financial

Neo Financial is a Canadian fintech company founded in 2019, with headquarters in Calgary and Winnipeg. It focuses on digital-first financial products that simplify spending, saving, investing, and borrowing for Canadians. The company was established by a team that previously created SkipTheDishes, a well-known food delivery service. Neo Financial offers a variety of financial services, including in-house Mastercards with cashback rewards, competitive savings accounts with attractive interest rates, low-rate mortgages with personalized support, and access to expertly managed investment portfolios. Operating entirely online, Neo emphasizes a seamless app experience that integrates all its financial products. The company targets millennials and Gen Z customers who prefer digital banking solutions. With over 1.3 million customers, Neo Financial has been recognized as one of Canada’s fastest-growing companies and continues to innovate in the financial sector.

Financial Services Calgary, Canada Founded 2019 ~629 employees Private · Series D

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Employees
629
+1.1% in the 3 months to Jun 2025
Revenue / employee
$159K
Revenue ~$100M
Total funding
$476M
Last round Series D, Nov 2024
12-month attrition
41.2%
Tech: 27.4%
H1B sponsor
NA
Open jobs
10
Last 30 days

Layoffs

Details

102 roles cut in the last 12 months.

  • Sep 2026 · 102 roles (~10%) · Calgary, Canada

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Funding

  • Nov 2024 · Series D · $259M · Valar Ventures, Golden Ventures, Afore Capital
  • May 2022 · Series C · $145M · Valar Ventures, Tribe Capital, Altos Ventures
  • Nov 2021 · $1.6M
  • Sep 2021 · Series B · $50.5M · Valar Ventures, Greenoaks Capital, Altos Ventures
  • Dec 2020 · Series A · $25M · ATB Financial

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Neo Financial FAQ

How many employees does Neo Financial have?

Neo Financial has about 629 employees, up 1.1% over the 3 months to Jun 2025.

Has Neo Financial had layoffs in 2026?

Yes. Neo Financial has reported 102 layoffs in 2026, most recently on Sep 8, 2026.

What is Neo Financial's revenue per employee?

Neo Financial makes about $159K in revenue per employee, based on $100M annual revenue and 629 employees.

How much funding has Neo Financial raised?

Neo Financial has raised $475.68M in total funding; its latest round was Series D in Nov 2024.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.