Neo Financial Ranks No. 1 on The Globe and Mail’s 2024 List of Canada’s Top Growing Companies

Neo Financial takes the top spot on Canada’s Fastest Growing Companies list with 38,431% revenue growth over three years, helping a growing number of Canadians access innovative financial services

CALGARY, Alberta & WINNIPEG, Manitoba--(BUSINESS WIRE)--Neo Financial Technologies Inc. (“Neo”) is proud to announce that it has been ranked No. 1 on the 2024 Report on Business magazine’s annual ranking of Canada’s Top Growing Companies. Neo Financial achieved this recognition thanks to an outstanding three-year revenue growth of 38,431%, driven by the relentless efforts of its best-in-class team and the growing demand from Canadians for modern financial solutions.

Canada’s Top Growing Companies celebrates Canadian businesses that have demonstrated exceptional growth and innovation. Neo Financial’s rapid rise to the top of the list is driven by its mission to empower people with modern financial solutions that challenge the status quo and reshape how they spend, save, and earn. As Canadians increasingly seek alternatives to traditional financial services, Neo Financial is proving to be the preferred choice for over 1 million consumers who want more control, transparency, and value from their financial products.

“Our No. 1 ranking on Canada’s Top Growing Companies list is a testament to the hard work of our team and the trust our customers have placed in us,” said Jeff Adamson, CCO and co-founder of Neo Financial. “At Neo Financial, we believe in giving Canadians the freedom to explore better financial options. This recognition highlights a broader movement in Canada – people want change, and they’re choosing us as the solution. Neo Financial’s incredible growth isn’t just a business milestone; it’s a validation of the need for more choices and better alternatives in the financial landscape.”

Founded in 2019, Neo Financial offers innovative financial solutions, including high-interest savings accounts, deposit accounts, a suite of Mastercard offerings, including a no-annual-fee cashback Mastercard, and competitive mortgage options. Neo Financial continues to attract Canadians who are eager to break free from legacy banking models and embrace the future of finance.

“This achievement isn’t just about numbers – it's about our team's shared commitment to pushing boundaries, continually innovating, and staying resilient to meet the evolving needs of our customers,” said Amanda Broos, Vice President of People at Neo Financial. “We’ve built a mission-driven culture that thrives on the challenge of improving the industry landscape, and that’s what fuels our growth.”

Canada’s Top Growing Companies ranking, which began in 2019, evaluates companies based on three-year revenue growth and requires firms to undergo a detailed application process. A total of 417 companies were featured in this year’s ranking.

The full list of 2024 winners, along with editorial coverage, is published in the October issue of the Report on Business magazine. The list is out now and online here.

“Our annual ranking of Canada’s Top Growing Companies reflects the sector-spanning ingenuity of this country’s entrepreneurs and corporate leaders,” says Dawn Calleja, Editor of Report on Business magazine. “And we think it’s important to tell their stories, to help inspire the next generation of up-and-comers across the country.”

"The Globe and Mail congratulates this year's Canada's Top Growing Companies' winners for achieving exceptional growth and resilience in facing business challenges," says Andrew Saunders, CEO of The Globe and Mail. “It is a testament to dedication, strategic vision, and innovative drive.”

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 the top tech startup in Canada by LinkedIn in 2023. Neo was also ranked first in Deloitte’s 2023 Technology Fast 50™ in the Companies-to-Watch category. Headquartered in Calgary and Winnipeg, Neo 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 neofinancial.com.

About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and driving policy change through independent and impactful journalism since 1844. With award-winning coverage across business, politics, and national affairs, The Globe and Mail reaches 6.2 million readers weekly through print and digital formats, and Report on Business magazine reaches 2.9 million readers each issue. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.