Neo Financial Secures Top Spot on Deloitte’s Technology Fast 50’s Program for 2024

Neo Financial ranks #1 on Deloitte’s 2024 Technology Fast 50™ awards program with 154,022% revenue growth, supporting everyday Canadians with rewarding financial products.

CALGARY, Alberta & WINNIPEG, Manitoba--(BUSINESS WIRE)--Neo Financial Technologies Inc. (“Neo Financial”) is thrilled to announce that it has been ranked first by Deloitte’s 2024 Technology Fast 50™ awards program for its rapid growth, entrepreneurial spirit, and bold innovation.

The program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue growth percentage over the past four years. Neo Financial ranks first with 154,022% revenue growth from 2020 to 2023, due to an increasing demand by Canadians for innovative, flexible, and rewarding financial services. With the growing demand for alternatives to traditional finance, over 1 million Canadians now choose Neo Financial for its world-class credit cards, secured credit cards, day-to-day Money accounts, high-interest savings accounts (HISA), and mortgages. This momentum advances Neo Financial on its mission to redefine financial services.

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500, and winners are automatically eligible for this elite ranking.

“Neo Financial's growth reflects Canadians’ strong demand for better banking options and our team’s dedication to building a brighter financial future,” said Andrew Chau, CEO and Co-Founder of Neo Financial. “We’re laser-focused on giving more time and money back into the hands of hardworking Canadians with intuitive products like our award-winning credit cards and high-interest savings accounts.”

"These exceptional Technology Fast 50 winners epitomize the spirit of innovation and entrepreneurial excellence in Canada's technology sector," expressed Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. "By demonstrating remarkable growth rates and showcasing their ability to adapt and thrive in a rapidly evolving market, these companies have distinguished themselves as leaders in their respective fields. Their success not only reflects their own ingenuity and dedication but also contributes to the overall growth and competitiveness of Canada's technology ecosystem. We are proud to celebrate their achievements and recognize them as the driving force behind the country's technological advancement and economic prosperity." ​

About the Deloitte Technology Fast 50 program ​

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca. ​

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2020 and $5 million in 2023, be headquartered in Canada, own proprietary technology, and invest a minimum of 5% of gross revenues in R&D activities that are conducted in Canada.​

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 Financial has raised more than $299 million in funding and has been recognized as Canada’s top-growing company by The Globe and Mail. Neo Financial is headquartered in Calgary, Winnipeg, and Toronto and is backed by top-tier investors across North America.

Through partnerships with leading financial institutions, Neo Financial provides customers with safe and secure ways to spend (Neo’s suite of credit and prepaid cards), Everyday banking products (Neo Money™), investment solutions (Neo Invest™), and low-rate mortgages (Neo Mortgage). Neo for Business powers financial solutions for Tim Hortons, Cathay Pacific, Hudson’s Bay, and over 10,000 other partners across the country. To learn more, visit neofinancial.com.