Neo Financial Ranks First in Deloitte’s 2023 Technology Fast 50 Companies to Watch

Neo is building the modern financial experience that Canadians deserve through a suite of innovative savings, spending, investing, and mortgage products. (Photo: Business Wire)

CALGARY, Alberta & WINNIPEG, Manitoba--()--Neo Financial (Neo), a leading Canadian financial technology company, has been recognized as a winner of Deloitte’s 2023 Technology Fast 50™ Companies-to-Watch category. This annual list ranks growth-stage companies with continued high growth potential.

Neo achieved this distinction by posting revenue growth of 81,732% from 2020 to 2022, while also growing its team from 120 to more than 700.

Headquartered in Calgary and Winnipeg, Neo is building the modern financial experience that Canadians deserve through a suite of innovative savings, spending, investing, and mortgage products. Neo’s embedded enterprise solutions power loyalty programs for leading partners including Tim Hortons, Hudson’s Bay, and Cathay Pacific.

With Canadians facing an ongoing affordability crisis, Neo’s products unlock access to credit, cashback rewards, and accounts with no monthly fees for its customers — including under-served communities like youth, new Canadians, and those seeking to get more value out of every dollar.

“Neo’s rapid growth to more than 1 million customers and over 11,000 merchant partners is a made-in-Canada story of relentless innovation, obsession with customer experience, and the hard work of a high-performing team,” said Andrew Chau, Neo’s CEO. “At the end of the day, it’s about using technology to give Canadians a more rewarding choice so they can take control of their financial future.”

Celebrating its 26th anniversary, Deloitte’s Technology Fast 50™ program recognizes business growth, innovation, and entrepreneurship in leading Canadian companies.

“Congratulations to this year’s Companies-to-Watch winners,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These companies have demonstrated promising growth trajectories and an exemplary ability to seize opportunities even in the face of a challenging economic context. This sets them apart as members of an emerging cohort of tech leaders in Canada. We look forward to keeping an eye on their progress in the months and years to come.”

About Neo Financial

Neo Financial is a technology company building a more rewarding financial experience 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 and has been recognized as one of the top tech companies in Canada by LinkedIn. Neo is headquartered in Calgary and Winnipeg, and is backed by top-tier investors across North America.

Through partnerships with leading financial institutions, Neo provides members with safe and secure ways to spend (Neo Credit), save (Neo Money™), invest (Neo Invest™), and get a mortgage (Neo Mortgage™). Neo for Business powers financial solutions for Tim Hortons, Cathay Pacific, Hudson’s Bay, and over 11,000 other partners across the country. To learn more, visit