Who’s behind Neobanc?
The founders,
Kyle Collier and
Luis Parra, aren’t anonymous figures hiding behind a brand.
Kyle grew up poor in Nova Scotia, went
bankrupt in his early twenties, and even had to file a
consumer proposal to consolidate his debt. Today, he’s an engineer who has already built and exited multiple fintech companies.
Luis, his 22-year-old cofounder, is often described as a
technical genius. He’s built LLMs for billion-dollar companies and worked with the SEC before co-founding Neobanc. While he prefers to stay off LinkedIn, you can find his work on
his personal site and his thoughts on
Twitter/X.
Neobanc also carries
insurance to protect renters, so even in the rare event that something goes wrong, users aren’t left hanging.
Why Kyle built Neobanc
Kyle’s story is part of why this company resonates so deeply with renters. He wasn’t born into money. He’s experienced bankruptcy and sacrifice—and there are even articles about him couch-surfing for over a year while
building Phaze.io, a prepaid infrastructure company whose white-labeled APIs powered millions of transactions for top fintech companies (
see Vice).
Phaze was a
registered Money Services Business with FINTRAC for many years, giving Kyle deep expertise in compliance, payments, and regulation. Neobanc follows a similar path and is also
PCI-DSS SAQ compliant to safeguard customer data and transactions.
