Business
Neo Financial Enters Institutional Capital Markets with $150 Million Inaugural Securitization
Neo Financial ("Neo") today announced its $150 million inaugural credit card securitization with BMO Capital Markets ("BMO") and SAF Group ("SAF"), entering institutional capital markets for the first time.
About this update from Bank Of Montreal
[{"type":"text","content":"CALGARY, AB, April 21, 2026 /CNW/ - Neo Financial ("Neo") today announced its $150 million inaugural credit card securitization with BMO Capital Markets ("BMO") and SAF Group ("SAF"), entering institutional capital markets for the first time.","length":272,"tagName":"p"},{"type":"image","alt":"Neo Financial is Canada's fastest-growing fintech building a financial experience to help Canadians get what they've earned. (CNW Group/Neo Financial Inc)","displaySize":"","headline":null,"caption":"Neo Financial is Canada's fastest-growing fintech building a financial experience to help Canadians get what they've earned. (CNW Group/Neo Financial Inc)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":170,"url":"https://media.zenfs.com/en/cnwgroup.com/f65e4b231c0d6514b6b80b3245c72f4d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NJOhNufnRqJXsy8oqgKM0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMwMA--/https://media.zenfs.com/en/cnwgroup.com/f65e4b231c0d6514b6b80b3245c72f4d","width":400,"height":170}},"href":"https://mma.prnewswire.com/media/2960829/Neo_Financial_Inc_Neo_Financial_Enters_Institutional_Capital_Mar.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Institutional capital markets evaluate credit quality with complete objectivity. Getting this done at this scale tells us the data is there and is a testament to the approach we've taken. That's the foundation we need to serve a lot more Canadians," says Jeff Adamson, Co-founder and Chief Commercial Officer, Neo Financial.","length":343,"tagName":"p"},{"type":"text","content":"BMO worked closely with Neo to structure a facility that fits Neo's needs and provides committed capital to support the continued rapid growth of Neo's credit card portfolio.","length":182,"tagName":"p"},{"type":"text","content":"The transaction also brings together two Calgary-based companies: Neo Financial, a Canadian technology company building consumer financial products for everyday Canadians, and SAF Group, one of Canada's leading private credit firms.","length":236,"tagName":"p"},{"type":"text","content":""Our partnership with Neo reflects SAF's commitment to supporting Canada's most ambitious growth stories and highlights the strong demand for a Canadian-based provide...