Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Canada's Neo closes C$25m Series A 16 December 2020 1 Canadian spending and savings startup Neo Financial has raised C$25 million in a Series A funding round led by Peter Thiel's Valar Ventures. Shopify founder Tobi Lutke, Golden Ventures, Inovia Capital, Thomvest, Afore Capital, Maple VC, FJ Labs, and District Ventures joined the round for Calgary-based Neo, which has also secured another C$25 million in debt financing. Created by two of the co-founders of food courier company SkipTheDishes, Neo is aiming to shake up a Canadian market dominated by the big five banks with app-based high-interest savings account, provided by Concentra Bank, and a rewards-based credit card issued by ATB Financial.