Shopify Founder Joins Thiel in Fintech’s $259 Million Financing

The founders of Shopify Inc. and Slack Technologies Inc. joined Peter Thiel’s venture firm in a fundraising round for a financial technology company that offers credit cards, mortgages and savings accounts to Canadians.

Neo Financial Technologies Inc. is raising C$360 million ($259 million) in a series D fundraising, with Shopify Chief Executive Officer Tobi Lütke, Slack founder Stewart Butterfield, Canada’s Thomson family and Thiel-backed Valar Ventures all contributing.

The financing is comprised of C$110 million of equity and C$250 million of debt, the company said in a statement that didn’t provide a valuation.

Calgary-based Neo had revenue of ...