News Summary

Calgary-based FinTech startup Neo Financial has made history by becoming the first company to complete a hat trick in Deloitte’s Technology Fast 50 program. This year, Neo Financial topped the “Enterprise – Industry Leaders” category with a revenue growth rate of 1,279 percent. Previously, Neo Financial had secured the first place in the Companies-to-Watch list in 2023 and the flagship Technology Fast 50 list in 2024. This achievement underscores Neo Financial’s pivotal role in Canada’s tech landscape, especially in providing Canadians with more alternatives to traditional banking solutions. The company had earlier raised $362 million CAD in a Series D funding round to accelerate its growth. The Deloitte Technology Fast 50 program recognizes Canada’s fastest-growing technology companies based on their revenue growth percentage over the past three years. Other notable companies on the list include Koho, Lightspeed Commerce, Hopper, Clutch, Fullscript, and Red Rock Regeneration. The winners averaged a three-year revenue growth of 2,623 percent, showcasing resilience and readiness to expand despite external challenges. Neo Financial, along with other Fast 50 winners, is now eligible for the broader North American Technology Fast 500 list.