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Neo Financial, a technology company created by two of the co-founders of SkipTheDishes, it about to launch on the prairies.
As the first portfolio company under Harvest, a venture builder dedicated to the Prairies, Neo was created to bring much-needed innovation and choice to consumers in Canada – a country where the Big Five banks own approximately 90 per cent market share.
Neo is offering a no-annual-fee credit card and savings account while also giving Neo members access to instant rewards from hundreds of brands – all on one card.
“Today, with just the push of a button, we can hail a ride, have hot food delivered or stream our favourite show on demand, yet, the innovations we see in these industries and around the world have failed to translate into everyday banking,” says Neo co-founder and CEO, Andrew Chau.
“This gap is an opportunity to reimagine how spending and savings should be, and we’re building Neo from the ground-up using today’s technology to give Canadians the most rewarding experience.”
Neo is starting with a next-generation credit card with rewards that are accessible to all Canadians, regardless of income or credit rating. To achieve this, Neo is partnering with thousands of local and national brands to provide Canadians with rewards that are easy to use and relevant to them.
In addition, Neo is partnering with a Canadian bank to provide access to a savings account with a high-interest rate that’s available to everyone, without promotional periods or minimum balances.
Neo is set to launch in the coming months with Calgary as the first pilot market and then plans to roll out across Canada soon after.
Neo invites all Canadians to sign-up to the waitlist to gain access on a first-come, first-serve basis.
If you’re a high-performance individual interesting in becoming a startup founder, reach out to Harvest and maybe your idea will be the next Neo.