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Neo Financial Teams Up With Concentra Bank to Offer Neo Savings, the First Canadian Fintech to Offer a CDIC-Eligible High-Interest Savings Account

Press release content from Business Wire. The AP news staff was not involved in its creation.
Neo Financial Teams Up With Concentra Bank to Offer Neo Savings, the First Canadian Fintech to Offer a CDIC-Eligible High-Interest Savings Account
January 13, 2021 GMT
CALGARY, Alberta (BUSINESS WIRE) Jan 13, 2021
Neo Financial (Neo), a Calgary-based fintech company created by two of the co-founders of SkipTheDishes, has announced a first-of-its-kind collaboration with Concentra Bank (Concentra), a Schedule 1 bank that is quietly fuelling innovation. Through this relationship, Neo is the first Canadian fintech company to offer a CDIC-eligible high-interest savings account that works like an everyday banking account. The accounts are held at Concentra, a Canada Deposit Insurance Corporation (CDIC) member bank. Together, Neo and Concentra have opened the door for innovation that has historically not been accessible within Canada’s consumer banking sector. ....

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Neo Financial raises $50 mn in Series A funding & debt financing

Neo Financial raises $50 mn in Series A funding & debt financing
ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.

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Canada's Neo closes C25m Series A

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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. ....

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Neo Financial Raises $50 Million in Series A Funding and Debt Financing

Neo Financial Raises $50 Million in Series A Funding and Debt Financing
businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.

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SkipTheDishes founders deliver wake-up call to Canada's Big Five banks

SkipTheDishes founders deliver wake-up call to Canada s Big Five banks
Last Modified: 9:56 AM CST Wednesday, Dec. 16, 2020
| Updates
SUPPLIED PHOTO
Neo CEO Andrew Chau, centre, with Kris Read, left, and Jeff Adamson chose to set up an office in Winnipeg because of their familiarity with the availability of talent in the city.
Tech-talented Winnipeggers will have the opportunity to work at another well-funded start-up as Calgary-based Neo Financial closed one of the largest series A rounds in Western Canada and is looking to staff up.
Tech-talented Winnipeggers will have the opportunity to work at another well-funded start-up as Calgary-based Neo Financial closed one of the largest series A rounds in Western Canada and is looking to staff up. ....

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