Neo Financial Series A funding round

Neo Financial raised $25M Series A on December 16, 2020.

Primary

Neo Financial

Amount

$25M

Structure

Series A

Date

December 16, 2020

Sub-sector

Neobank

Calgary-based neobank raised $25M Series A plus $25M debt to launch digital banking services targeting dissatisfaction with Canada's Big Five banks.

Primary company

Neo Financial

Counterparty

Not disclosed

Amount

$25M

Event date

December 16, 2020

Sub-sector

Neobank

HQ

Not disclosed

Structure

Series A

Source published

December 16, 2020

Publisher

Winnipeg Free Press

Source: winnipegfreepress.com