Valar Ventures led a $185m Series C funding round in Neo Financial.

Valar Ventures, a US-based venture capital fund, led a $185m Series C funding round in Neo Financial, a technology company simplifying finances through reimagined spending, savings, investing and rewards, with participation from Tribe Capital, Altos Ventures, Maple VC, Blank Ventures, Gaingels and Knollwood Investment. "By working with businesses to embed their offerings into the way that consumers shop, Neo is proving to be a powerful financial partner. We set out to build an iconic brand that would bring businesses and customers together, adding more value and creating products that Canadians love by giving them a new way to manage their money. Today, more than a million Canadians hold an account with Neo, and this investment will allow us to continue pushing the boundaries of financial services and innovate in ways that benefit all Canadians," Andrew Chau, Neo Financial Co-Founder and CEO.