CALGARY, AB, Oct. 22, 2026 /CNW/ - Neo Financial ("Neo") today announced it has closed its syndicated warehouse facility at $185 million, with ATB Financial acting as administrative agent, lead arranger and sole bookrunner. Neo closed the $185 million facility and has increased the accordion to support upsizing to $250 million, expanding committed funding capacity for Neo's credit card receivables.

"Credit unions are important partners in the financial system we want to help build," said Allemander Neto, Chief Financial Officer of Neo Financial. "We've invested in a credit card platform that other institutions can participate in. Our ambition is to build lasting funding relationships with credit unions that see an opportunity to grow alongside us."

The syndicate includes Canadian credit union participants Vancouver City Savings Credit Union ("Vancity"), Beem Credit Union, Alterna Savings and Credit Union Limited, and Innovation Federal Credit Union, underscoring growing credit union participation in Neo's funding platform and the mutual value of the partnership.

ATB Financial structured and led the syndicate to deliver a scalable warehouse aligned with Neo's growth, providing capacity as Neo continues to originate and fund credit card receivables.

About Neo Financial
Neo Financial is a technology company building a financial experience to help Canadians make financial progress. Founded in 2019, Neo has raised more than $650 million in funding and has been recognized as Canada's top-growing company by The Globe and Mail and Deloitte, placing #1 on the Deloitte Technology Fast 50 three years in a row. Neo is headquartered in Calgary, Winnipeg, and Toronto and is backed by top-tier investors across North America.

Neo Financial provides over one million customers with safe and secure ways to earn everyday financial wins, including a suite of credit cards to help build credit, everyday chequing accounts, flexible high-interest savings (Neo Savings), and one of Canada's lowest mortgage rates (Neo Mortgage). Neo for Partners powers financial solutions for thousands of partners across the country. To learn more, visit neofinancial.com.

SOURCE Neo Financial Inc