Neo Financial is expanding its credit offerings through a new partnership with iFinance Canada, giving eligible customers access to personal loans of up to $10,000 through iFinance’s digital lending platform.
The collaboration connects Neo’s growing user base with iFinance’s AI-powered underwriting and nearly 30 years of lending experience, targeting Canadians who may face barriers due to thin or non-traditional credit histories.
Customers can apply online through iFinance with instant pre-approval decisions, flexible repayment terms, and no impact to their credit score when checking rates. Funding can be completed within 24 hours.
“Neo has built a platform that Canadians trust, and we share the same belief: that more people deserve access to straightforward, fair credit,” said William Breton, EVP and COO at iFinance.
The move reflects a broader trend among Canadian fintechs to expand embedded lending capabilities and improve access to credit through partnerships rather than building products in-house.
Founded in 2019, Neo now serves more than one million Canadians with a suite of financial products, while iFinance has issued over $1 billion in loans through its LUCAS AI-driven platform.
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