Canadian Digital Bank Neo Financial Nets $145.2M
Neo Financial, the Canada-based digital bank, has raised 185 million in Canadian dollars ($145 million) in a funding round, a report from The Bharat Express News said Thursday (May 5).
This comes as the bank got past the mark of 1 million customers.
Neo Financial offers several products such as cash back and savings. It also expanded its investments in April, including a private wealth management product and anticipates offering mortgages this year. Both were parts of the bank’s plan to be a “one stop shop” for every kind of financial service.