Neo Financial and JA Canada Launch JA Money Card for Young Canadians

Published 6 months ago

Neo Financial, a leading Canadian fintech firm, has joined forces with Junior Achievement of Canada (JA Canada), an esteemed educational organization, to introduce the JA Money card for young Canadians. This prepaid Mastercard aims to foster financial empowerment and knowledge among Canadian youth.

A New Era of Financial Empowerment

The JA Money card, powered by Neo, offers a debit card alternative for teenagers as young as 13. It provides a secure, educational environment for teens to manage their finances and learn crucial financial skills.

Key Features of the JA Money Card

The card offers a range of benefits, including instant cashback at eligible brands on popular categories like clothing, restaurants, and more. No monthly fees and free everyday transactions with no minimum balance are part of the deal as well.

Cardholders can also track their spending habits via the Neo app and set financial goals with personalized high-interest savings accounts. Other features include real-time purchase notifications, in-app card freezing, and CDIC deposit protection.

Moreover, users can access educational content from JA Canada through the Neo app, designed to boost their money management skills and confidence.

Partners for Financial Independence

Andrew Chau, CEO of Neo Financial, believes the partnership with JA Canada will help young Canadians gain control of their financial future. He added that the initiative was a step towards making financial independence more accessible and relevant for the youth.

Scott Hillier, CEO of JA Canada, echoed Chau’s sentiments. He expressed his excitement to work with Neo to launch the JA Money card and create self-directed educational resources for Canadian youth.

An Innovative Partnership Model

To foster financial education, every JA Money card issued generates a donation to JA Canada. This innovative solution allows financial products to support non-profits in serving their communities better.

Neo Financial has previously partnered with brands like Tim Hortons, Cathay Pacific, and Hudson’s Bay, and now adds JA Canada as a charity of choice and financial education partner.

About Neo Financial and JA Canada

Neo Financial, founded in 2019, is a tech company that offers simplified financial solutions through reimagined spending, savings, investing, and mortgages. It has raised over $299 million in funding and is recognized as a top tech startup in Canada.

JA Canada is a respected non-profit educational organization that provides hands-on, immersive, and digital learning experiences for young people. The organization is committed to teaching financial education and building a foundation for youth to thrive in their communities.