Calgary’s Neo Financial has had a standout 2024, achieving first place in Deloitte Canada’s Technology Fast 50 with three-year growth exceeding 150,000% and topping Report on Business’s Canada’s Top Growing Companies with 38,000% revenue growth. The fintech expanded partnerships with CI Financial and the Canadian Elite Basketball League while launching new features, including credit-building tools for newcomers.
Neo capped the year with a $360M Series D fundraising round, backed by notable investors like Tobi Lütke and Stewart Butterfield. Despite the success, shares were issued at reduced valuations, with a majority sold to a Chinese investor.
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