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Neo Financial profile

Who owns Neo Financial?

traditional · Calgary, CA · Partner-bank model · custody: Custodial

short answerNeo Financial is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Neo Financial builds the product and interface. Neo Financial's most notable disclosed backers include Valar Ventures and Golden Ventures.

Is Neo Financial a licensed bank?

No — it runs on a sponsor bank (BaaS model). Licence detail: Partner banks (Peoples Bank of Canada, Concentra Bank); CDIC-insured deposits.

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for Neo Financial yet. Know one? Suggest it.

Who's behind Neo Financial?

Neo Financial was founded by Andrew Chau, Jeff Adamson (2019), headquartered in Calgary, CA.

Early investors

Notable venture and strategic investors from Neo Financial's publicly disclosed funding rounds (~C$400M raised).

Valar Ventures ↗ Golden Ventures ↗

Is my money safe with Neo Financial?

Deposits are held by Neo Financial's sponsor bank, so any insurance flows through that bank rather than Neo Financial. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.

go deeperSee the full Neo Financial profile with every verified field, or Neo Financial alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.