Who is Neo Financial owned by?
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- Updated On:29-Nov-2022
- Replies:1
Short Answer
Neo Financial was founded by Andrew Chau, Chris Simair, Jeff Adamson and Kris Read. They are also the founders of SkipTheDishes.
Detailed Answer
What is Neo Financial?
Neo Financial is a fintech company that was commenced to re-model and revamp spending, saving, investing and borrowing in Canada. It was launched in they year 2019. It offers four major products – Neo card, Neo Money, Neo Invest and Neo Mortgage. The competitors of Neo Financial in Canada are Koho Financial, Flexiti, Stack Finteck, Mogo, Spring Financial etc.,
Who is Neo Financial owned by?
We have listed below the founders of Neo Financial:
- Andrew Chau is the Chief Executive Officer and one of the founders.
- Chris Simair is the President of Head & Operations and is one of the founders.
- Jeff Adamson is the Head of Partnership and is one of the founders.
- Kris Read is the Head of engineering and is one of the founders.
The founders of Neo Financials are primarily the founders of SkipThe Dishes. SkipTheDishes is an online delivery service in Canada, headquartered in Winnipeg. In 2019, they have entered into the financial services with the aim of transforming it.
The company has raised around $300 million from investors globally, from nearly 6 rounds of funding. The major investors are Valar ventures, Maple VC, Gaingels, Breyer Capital, Inovia Capital, Manitoba, Altos ventures, blank ventures, tribe capital etc.,
Neo Financial: The conclusion
Neo Financial is basically a start-up. Since inception, it is reported that the purchase frequency has increased by 20%, the retention of customers has increased by 40% and the revenue increased by 33%. There are around 8000 partners, 1 million users and more than 500,000 transactions processed.
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