In a small tidbit of credit card news, Neo Financial, the fintech that was launched by the founders of SkipTheDishes is officially a credit card issuer. On June 6th the company switched from having their credit card products issued by ATB Financial to themselves.
When Neo Financial first launched they were strictly a financial technology business who partnered with established financial institutions to provides their financial products. These were namely ATB Financial for their credit products and Concentra Bank for their bank account products. In 2023, they moved into mortgages which were provided in-house without any partnerships and now the credit products have moved in-house as well.
The following products will now carry branding as [CARD NAME] are issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.
- Neo Credit
- Neo Secured Credit
- Cathay World Elite Mastercard – powered by Neo
- Hudson’s Bay Mastercard®—powered by Neo
In general I don’t think this changes anything for consumers as they’ll continue to use their products as they have been but thought the news would be of interest to some of our readers.