Two of the co-founders of SkipTheDishes are launching a digital alternative to big banks.
Neo Financial, a startup based in Calgary, is offering a no-annual-fee credit card and savings account while also giving 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,” said Andrew Chau, co-founder and CEO, in a news release.
“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 the first portfolio company with Harvest, a venture builder dedicated to the Prairies.
“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,” said the company.
“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. Currently, thousands of people have joined the Neo waitlist and hundreds of brands and local stores have already signed up for the launch. Neo invites Canadians to sign-up to the waitlist to gain access on a first-come, first-serve basis.”