VCMCVC Market Cap
Menu

Neo Financial valuation, funding and investors

neofinancial.com ↗LinkedIn ↗

Neo Financial works in financial product development, based in Calgary, Canada. Founded in 2019, it has about 971 employees.

Financial Services Series D
VALUATION · TODAY
$3.81B −6% after Series D
Range $1.84B – $5.79B · Grade B
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $22.0M
Series B $64.0M
Series C $145M
Series D $258M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY998 employees
−14%6m growth
+13%1y growth
+20%2y growth
500
1,000
1,500
Data from Jan 2021
TODAY
Predicted in 1 yr $3.58B −6% vs today
Predicted next raise $460M if a round comes
Winding-down probability 19%
Last round
Series D · $258M · Nov 2024
Valuation at last round
$3.02B · implied
Headcount
998 · up
Grade
B
Founded
2019
How VCMC values companies →

Neo Financial valuation today

VCMC values Neo Financial at $3.8B today, with a range of $1.8B to $5.8B and a grade of B. The valuation starts from its last funding round, a Series D round in Nov 2024.

Valuation by date (111 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Neo Financial: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2018$11.5M$4.18M – $31.5M$15.7M (+37%)before first round–unknownD0%
1 Feb 2018$11.8M$4.29M – $32.4M$16.2M (+37%)before first round–unknownD0%
1 Mar 2018$12.1M$4.40M – $33.2M$16.6M (+37%)before first round–unknownD0%
1 Apr 2018$12.4M$4.52M – $34.1M$17.0M (+37%)before first round–unknownD0%
1 May 2018$12.7M$4.64M – $35.0M$17.5M (+37%)before first round–unknownD0%
4 May 2018$122M$80.3M – $335M$220M (+80%)after a round–unknownC0%
1 Jun 2018$128M$80.3M – $335M$220M (+72%)after a round–unknownC0%
1 Jul 2018$134M$80.3M – $335M$220M (+64%)after a round–unknownC0%
1 Aug 2018$141M$80.3M – $335M$220M (+56%)after a round–unknownC0%
1 Sep 2018$148M$80.3M – $335M$220M (+48%)after a round–unknownC0%
1 Oct 2018$156M$80.3M – $335M$220M (+41%)after a round–unknownC0%
1 Nov 2018$164M$80.3M – $335M$220M (+34%)after a round–unknownC0%
1 Dec 2018$172M$80.3M – $335M$220M (+28%)after a round–unknownC0%
1 Jan 2019$181M$80.3M – $335M$220M (+22%)after a round–unknownC0%
1 Feb 2019$190M$80.3M – $335M$220M (+16%)after a round–unknownC0%
1 Mar 2019$199M$80.3M – $335M$220M (+11%)after a round–unknownC0%
1 Apr 2019$209M$80.3M – $335M$220M (+5%)after a round–unknownC0%
1 May 2019$219M$80.3M – $335M$220M (0%)after a round–unknownC0%
1 Jun 2019$220M$76.6M – $335M$220M (0%)after a round–unknownC0%
1 Jul 2019$220M$72.9M – $335M$220M (0%)after a round–unknownC0%
1 Aug 2019$220M$69.3M – $335M$220M (0%)after a round–unknownC0%
1 Sep 2019$220M$65.9M – $335M$220M (0%)after a round–unknownC0%
1 Oct 2019$220M$62.7M – $335M$220M (0%)after a round–unknownC0%
1 Nov 2019$220M$59.6M – $335M$220M (0%)after a round–unknownC0%
1 Dec 2019$220M$56.7M – $335M$220M (0%)after a round–unknownC0%
1 Jan 2020$220M$53.9M – $335M$220M (0%)after a round–unknownC0%
1 Feb 2020$220M$51.2M – $335M$220M (0%)after a round–unknownC0%
1 Mar 2020$220M$48.8M – $335M$220M (0%)after a round–unknownC0%
1 Apr 2020$220M$46.4M – $335M$220M (0%)after a round–unknownC0%
1 May 2020$220M$44.2M – $335M$220M (0%)after a round–unknownD0%
1 Jun 2020$220M$42.0M – $335M$220M (0%)after a round–unknownD0%
1 Jul 2020$220M$40.0M – $335M$220M (0%)after a round–unknownD0%
1 Aug 2020$220M$38.0M – $335M$220M (0%)after a round–unknownD0%
1 Sep 2020$220M$36.1M – $335M$220M (0%)after a round–unknownD0%
1 Oct 2020$220M$34.4M – $335M$220M (0%)after a round–unknownD0%
1 Nov 2020$220M$32.7M – $335M$220M (0%)after a round–unknownD0%
1 Dec 2020$220M$31.1M – $335M$220M (0%)after a round–unknownD0%
1 Jan 2021$220M$29.5M – $335M$220M (0%)after a round69unknownD0%
1 Feb 2021$220M$28.1M – $335M$220M (0%)after a round69unknownD0%
1 Mar 2021$220M$26.8M – $335M$220M (0%)after a round69unknownD0%
1 Apr 2021$220M$25.5M – $335M$201M (-9%)after a round69flatD0%
1 May 2021$220M$24.3M – $335M$199M (-9%)after a round69flatD0%
1 Jun 2021$218M$23.1M – $332M$197M (-10%)after a round69flatD0%
1 Jul 2021$216M$21.9M – $329M$196M (-10%)after a round69flatD0%
1 Aug 2021$215M$20.9M – $327M$194M (-10%)after a round69flatD0%
1 Sep 2021$213M$19.8M – $324M$193M (-10%)after a round69flatD0%
16 Sep 2021$458M$300M – $1.0B$686M (+50%)after a round69flatC0%
1 Oct 2021$465M$300M – $1.0B$686M (+47%)after a round69flatC0%
1 Nov 2021$482M$300M – $1.0B$686M (+42%)after a round69flatC0%
1 Dec 2021$498M$300M – $1.0B$686M (+38%)after a round69flatC0%
1 Jan 2022$515M$300M – $1.0B$686M (+33%)after a round69flatC0%
1 Feb 2022$533M$300M – $1.0B$686M (+29%)after a round540growingC0%
1 Mar 2022$550M$300M – $1.0B$686M (+25%)after a round540growingC0%
1 Apr 2022$570M$300M – $1.0B$686M (+20%)after a round540growingC0%
1 May 2022$589M$300M – $1.0B$686M (+16%)after a round540growingC0%
6 May 2022$1.0B$869M – $1.5B$1.3B (+30%)after a round540growingA0%
1 Jun 2022$1.0B$869M – $1.5B$1.3B (+28%)after a round540growingA0%
1 Jul 2022$1.0B$869M – $1.5B$1.3B (+25%)after a round540growingA0%
1 Aug 2022$1.1B$869M – $1.5B$1.3B (+22%)after a round540growingA0%
1 Sep 2022$1.1B$869M – $1.5B$1.3B (+19%)after a round540growingA0%
1 Oct 2022$1.1B$869M – $1.5B$1.3B (+17%)after a round540growingA0%
1 Nov 2022$1.1B$869M – $1.5B$1.3B (+14%)after a round540unknownA0%
1 Dec 2022$1.2B$869M – $1.5B$1.3B (+12%)after a round540unknownA0%
1 Jan 2023$1.3B$869M – $1.7B$1.4B (+13%)after a round860growingB0%
1 Feb 2023$1.3B$869M – $1.7B$1.4B (+10%)after a round860growingB0%
1 Mar 2023$1.3B$869M – $1.7B$1.4B (+7%)after a round860growingB0%
1 Apr 2023$1.4B$869M – $1.7B$1.4B (+3%)after a round860growingB0%
1 May 2023$1.4B$869M – $1.7B$1.4B (0%)after a round860growingB0%
1 Jun 2023$1.4B$880M – $1.7B$1.4B (0%)after a round860growingB0%
1 Jul 2023$1.4B$892M – $1.7B$1.4B (0%)after a round860growingB0%
1 Aug 2023$1.4B$905M – $1.7B$1.4B (0%)after a round860growingB0%
1 Sep 2023$1.4B$752M – $1.7B$1.4B (0%)after a round860unknownB0%
1 Oct 2023$1.3B$719M – $1.5B$1.2B (-6%)after a round820flatB24%
1 Nov 2023$1.3B$691M – $1.5B$1.2B (-6%)after a round820flatB24%
1 Dec 2023$1.3B$665M – $1.6B$1.2B (-6%)after a round820flatB24%
1 Jan 2024$1.3B$639M – $1.6B$1.2B (-7%)after a round820flatB24%
1 Feb 2024$1.3B$619M – $1.6B$1.2B (-6%)after a round860flatB22%
1 Mar 2024$1.3B$599M – $1.6B$1.2B (-6%)after a round870flatB20%
1 Apr 2024$1.3B$577M – $1.6B$1.2B (-6%)after a round870flatB19%
1 May 2024$1.3B$556M – $1.6B$1.2B (-6%)after a round870flatB17%
1 Jun 2024$1.3B$506M – $1.6B$1.2B (-7%)after a round870flatB16%
1 Jul 2024$1.3B$477M – $1.6B$1.2B (-7%)after a round830flatC14%
1 Aug 2024$1.3B$453M – $1.6B$1.2B (-8%)after a round830flatC13%
1 Sep 2024$1.3B$431M – $1.6B$1.2B (-8%)after a round830flatC12%
1 Oct 2024$1.3B$410M – $1.6B$1.2B (-8%)after a round830flatC11%
1 Nov 2024$1.0B$381M – $1.6B$825M (-20%)after a round750flatC43%
13 Nov 2024$3.0B$2.1B – $5.0B$3.5B (+16%)after a round750flatB43%
1 Dec 2024$3.0B$2.1B – $5.0B$3.5B (+15%)after a round750flatB43%
1 Jan 2025$3.1B$2.1B – $5.0B$3.5B (+12%)after a round750flatB43%
1 Feb 2025$3.1B$2.1B – $5.0B$3.4B (+10%)after a round750flatB43%
1 Mar 2025$3.2B$2.1B – $5.0B$3.4B (+7%)after a round750flatB43%
1 Apr 2025$3.2B$2.1B – $5.0B$3.4B (+5%)after a round750flatB43%
1 May 2025$3.2B$2.1B – $4.7B$3.1B (-3%)after a round750downB65%
1 Jun 2025$3.2B$2.1B – $4.7B$3.0B (-5%)after a round750downB65%
1 Jul 2025$3.2B$2.1B – $4.7B$3.0B (-7%)after a round750downB65%
1 Aug 2025$3.3B$2.2B – $4.8B$3.0B (-8%)after a round785flatB59%
1 Sep 2025$3.4B$2.2B – $4.9B$3.1B (-9%)after a round785downB55%
1 Oct 2025$3.5B$2.2B – $5.1B$3.2B (-9%)after a round885flatB50%
1 Nov 2025$3.6B$2.2B – $5.1B$3.2B (-11%)after a round885flatB46%
1 Dec 2025$3.6B$2.1B – $5.2B$3.2B (-12%)after a round885flatB43%
1 Jan 2026$3.6B$2.0B – $5.3B$3.2B (-11%)after a round885flatB39%
1 Feb 2026$3.6B$1.9B – $5.3B$3.3B (-10%)after a round885flatB36%
1 Mar 2026$3.6B$2.0B – $5.4B$3.3B (-10%)after a round885upB33%
1 Apr 2026$3.9B$2.2B – $5.8B$3.5B (-9%)after a round1,165growingB31%
1 May 2026$3.8B$2.2B – $5.7B$3.5B (-8%)after a round1,039growingB28%
1 Jun 2026$3.8B$2.0B – $5.7B$3.5B (-8%)after a round1,039upB26%
1 Jul 2026$3.8B$2.0B – $5.7B$3.5B (-7%)after a round1,039upB24%
1 Aug 2026$3.8B$1.9B – $5.8B$3.6B (-7%)after a round1,039upB22%
1 Sep 2026$3.8B$1.9B – $5.8B$3.6B (-6%)after a round1,039upB20%
1 Oct 2026$3.8B$1.9B – $5.8B$3.6B (-6%)after a round998upB19%
24 Oct 2026$3.8B$1.8B – $5.8B$3.6B (-6%)after a round998upB19%

Key facts about Neo Financial

Founded
2019
Headquarters
Calgary, Canada
Employees
about 971 +13% in a year
Total raised
$489M
Funding rounds
4
Last round
Series D Nov 2024

Neo Financial was founded in 2019 by Andrew Chau, Chris Simair, Jeff Adamson and Kris Read.

Neo Financial funding history

Neo Financial has 4 funding rounds on record, from May 2018 to Nov 2024, $489M in total. The latest disclosed valuation is $1.00B post-money (Series C, May 2022).

  1. Series D 12 Nov 2024

    With Valar Ventures, Golden Ventures, Afore Capital, Thomvest Ventures.

    Sources: finsmes.com, crowdfundinsider.com, fintechfutures.com and 2 more

    $258M

  2. Series C 5 May 2022

    Led by Valar Ventures; with Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC, Knollwood Investment Advisory.

    Sources: techcrunch.com, techcrunch.com, fintechfutures.com and 3 more

    $145M

    $1.00B post-money

  3. Series B 15 Sep 2021

    Led by Valar Ventures; with Greenoaks Capital, Altos Ventures, Breyer Capital, Golden Ventures, Afore Capital, Inovia, Thomvest Ventures, Maple VC.

    Sources: finsmes.com

    $64M

  4. Series A 3 May 2018

    Led by Propel Venture Partners, Monashees, Quona Capital; with Omidyar Network, Tera Ventures, Yellow.

    Sources: prnewswire.com, finextra.com

    $22M

Neo Financial investors

20 investors have backed Neo Financial; Valar Ventures, Monashees and Propel Venture Partners and 1 more led at least one round.

  • Valar Ventures lead, 3 rounds
  • Monashees lead
  • Breyer Capital
  • Gaingels
  • Greenoaks Capital
  • Inovia
  • Knollwood Investment Advisory
  • Maple VC
  • Omidyar Network

What Neo Financial does

Neo Financial works in financial services, with 10 recorded offerings and customers in financial technology and financial services.

Neo Financial Technologies Inc. is a Canadian financial technology company that develops and provides financial products and services, including credit cards, savings and cash accounts, mortgages, and investment options. The company also offers merchant loyalty and rewards programs, co-branded credit and loyalty programs for retailers, and collaborates with regulated financial institutions to deliver financial solutions. Neo Financial serves individual and business clients in the Prairie provinces and Canada, with products available in multiple languages.

Description from Veridion's company data.

Products and services

  • Financial Product Development
  • Credit Card Issuance and Management
  • Savings and Cash Account Services
  • Investment Product Development and Management
  • Mortgage Product Development and Management
  • AI-Driven Fraud Monitoring Solutions
  • Real-Time Financial Alert Solutions
  • Multi-Language Financial Product Services
  • User-Friendly Financial Tool Development
  • Financial Institution Collaboration Services

Markets

  • Financial Technology
  • Financial Services

Technology

  • AI for Fraud Monitoring
  • Real-Time Alerts

Business model

  • Business-to-Business
  • Business-to-Consumer
  • Software-as-a-Service

Industry codes (NAICS)

  • 522110 Commercial Banking 50% match
  • 522292 Real Estate Credit 20% match
  • 523940 Portfolio Management and Investment Advice 15% match
  • 541511 Custom Computer Programming Services 15% match

Questions about Neo Financial

What is Neo Financial worth?

Valuation $3.8B (range $1.8B to $5.8B), as of 24 Oct 2026. The last disclosed valuation was $1.00B (Series C, May 2022).

Has Neo Financial raised money?

Neo Financial has 4 funding rounds on record, from May 2018 to Nov 2024, $489M in total. The latest disclosed valuation is $1.00B post-money (Series C, May 2022).

Who has invested in Neo Financial?

Valar Ventures, Monashees, Propel Venture Partners, Quona Capital, Afore Capital and Altos Ventures, and 14 more. Lead investors include Valar Ventures, Monashees, Propel Venture Partners and Quona Capital.

How many people work at Neo Financial?

About 971, up 13% over the last year. Headcount rose from 69 in Jan 2021 to 1,165 in Apr 2026, then fell to 998 in Sep 2026.

What does Neo Financial do?

Neo Financial works in financial services, with 10 recorded offerings and customers in financial technology and financial services. Its main offerings are financial product development, credit card issuance and management and savings and cash account services.

When was Neo Financial founded, and where is it based?

Neo Financial was founded in 2019 and is based in Calgary, Canada. It has about 971 employees, up 13% over the last year.

How we value companiesReport an issue