Canadian fintech company Neo Financial has raised $360 million in a Series D funding round. The round was backed by notable investors including Shopify CEO Tobi Lütke, Slack co-founder Stewart Butterfield, and Peter Thiel’s venture firm. Despite the significant funding, documents reveal that Neo Financial’s valuation has decreased. This funding round aims to bolster Neo Financial’s position in the digital banking sector. Some reports indicate the raised amount as $259 million, while others cite CA$360M or $362M.