Neo Financial Technologies’ $185 Million Series C Financing Round

Osler, Hoskin & Harcourt LLP advised Neo Financial Technologies on the round.

On May 5, 2022, Neo Financial Technologies announced it had completed its $185 million Series C financing  round led by Valar Ventures with participation from Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Investment Advisory. 

This round values Neo Financial at more than $1 billion, turning the company to unicorn status.

With this financing, Neo Financial will continue to build its business by making a play to become one of Canada’s leading financial technology companies through its products including Neo Card, Neo Money account, Neo Invest, and other upcoming products.

Neo Financial is a technology company simplifying finances through reimagined spending, savings, investing, and rewards. Founded in 2019 by the co-founders of SkipTheDishes, Neo has raised more than $299 million in funding from top-tier investors and has been recognized as one of the top tech startups in Canada by LinkedIn.

The Osler team consisted of Chad Bayne (Picture), David Jamieson, Jacob Young (Emerging and High Growth Companies) and Michael Pede (Corporate).

Involved fees earner: Chad Bayne – Osler Hoskin & Harcourt; David Jamieson – Osler Hoskin & Harcourt; Michael Pede – Osler Hoskin & Harcourt; Jacob Young – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Neo Financial Technologies ;

Sonia Carcano

Author: Sonia Carcano