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.

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