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Neo Financial raises $68.5 million in a funding round led by AIMCo and Northleaf Capital to support its securitization program.
Amount Raised
C$68.5 Million
Round Type
Funding Round
Investors
Description
Calgary-based fintech firm Neo Financial has secured $68.5 million in funding from Alberta pension fund AIMCo, private equity firm Northleaf Capital Partners, and other investors. The funds will be utilized to enhance Neo's securitization program and grow its lending portfolio. This investment comes as Neo and other fintechs challenge the traditional banking landscape in Canada. The latest round values Neo higher than its previous round in 2024, reflecting improved investor confidence.
Fundz sees it the moment Neo Financial raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Neo Financial raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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