Neo Financial Launches Neo Mortgage™ to Reimagine the Mortgage Experience in Canada

Neo’s technology transforms the traditional mortgage experience making it more accessible, affordable, and efficient from application to approval in minutes.

Neo Mortgage™ offers Canadians a user-friendly and streamlined approach to financing a new home, refinancing, or renewing their mortgage. (Photo: Business Wire)

CALGARY, Alberta & WINNIPEG, Manitoba--()--Today, Neo Financial (Neo) is announcing its latest product, the Neo Mortgage™. This new product represents a significant milestone for the company, offering Canadians a user-friendly and streamlined approach to financing a new home, refinancing, or renewing their mortgage. Getting a mortgage is often the largest financial decision one will make in their life and with mortgage rates at the highest they have been in years, Neo is making mortgages more accessible by finding the best rates available. Since its initial beta launch, Neo has already seen tremendous demand and has processed over $1 billion in applications to date.

Neo Mortgage™ is transforming the way Canadians shop for a mortgage. Neo’s digital platform matches customers to the best rate based on their personal situation, and allows customers to apply directly for a mortgage online. Neo connects customers with in-house, commission-free mortgage experts to provide unbiased support and advice along the process. The mortgage application is 100% digital and allows customers to get prequalified for a mortgage in as little as 5 minutes.

With Neo Mortgage™, customers can benefit from:

  • A digital mortgage experience with dedicated live support
  • An application process that takes less than 5 minutes
  • No branch visits—documents are uploaded digitally
  • A simple and stress-free process, with quick turnaround times
  • Competitive rates that beat the Big 5 banks1
  • Catered solutions regardless of your situation: new home purchase, refinancing, or renewal

“Our goal is to help Canadians navigate the complexities of the mortgage process and empower them to make informed decisions that can significantly impact their financial future,” said Andrew Chau, CEO and Co-Founder of Neo Financial. “At the heart of Neo, we’re focused on creating an experience as simple and seamless as the rest of your digital life, free from the complexity and bureaucracy that Canadians experience at legacy institutions.”

This new product complements Neo’s full suite of products across everyday saving and spending, investing, and now home ownership, and all work seamlessly together to make finances easier for all Canadians. Neo provides unique ways for Canadians to be in control of their finances, including:

  • Building credit with the Neo Secured Card, for those that are new to credit or newcomers to Canada.
  • Automatically saving for a home with the Neo Money™ account with Auto-Save while earning high interest on every dollar.
  • Furnishing their home for less by earning cashback at partners like Structube, Endy, and Ashley HomeStore when spending on the Neo Money™ card and Neo Credit card.

For more information about Neo Mortgage™, visit

About Neo Financial:

Neo Financial is a technology company simplifying finances through reimagined spending, savings, investing, and mortgages. 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. Neo is headquartered in Winnipeg and Calgary, and is backed by top investors across North America.

Through partnerships with leading financial institutions, Neo provides members with a safe and secure way to spend (Neo Credit), save (Neo Money™), invest (Neo Invest™), and get a mortgage (Neo Mortgage™). Neo for Business powers financial solutions for Intuit TurboTax®, Hudson’s Bay, and over 10,000 other partners across the country. To learn more, visit

Neo Mortgage Services Inc. Licenses - Ontario #13444, British Columbia MB600606, Alberta, Saskatchewan 510903, Manitoba, Newfoundland & Labrador #2207NE1151, New Brunswick #220015509, Nova Scotia #20223000379, PEI, Yukon, Nunavut, Northwest Territories.
Digital closing is currently only available in Ontario, Alberta, and British Columbia.
The Neo Credit card is issued by ATB Financial pursuant to license by Mastercard International Incorporated. The Neo Money™ card is a prepaid Mastercard® issued by Equitable Bank pursuant to license by Mastercard International Incorporated. The Neo Money™ card is powered by the Neo Money™ account, which is provided by Concentra Bank.
1Based on the median mortgage rates of Canada’s Big 5 banks taken from public websites as at March 8, 2023.


For more information, please contact


For more information, please contact