Neobanc is a productivity app designed specifically for Canadians, focusing on enhancing credit scores and offering cashback rewards on everyday transactions. Users can pay their rent through the app, earning cashback while enjoying the flexibility of using Interac e-Transfer or a credit card. Additionally, Neobanc allows users to manage bill payments, including utilities and insurance, with the opportunity to earn rewards on each payment by selecting from a wide range of Canadian payees.

A standout feature of Neobanc is its rent reporting service, which enables users to report their on-time rent payments to credit bureaus at no cost. This feature can help build a positive credit history by allowing users to report up to 24 months of past payments. Users can also redeem their cashback rewards for gift cards from popular Canadian retailers. The app prioritizes security with biometric authentication and bank-level encryption, ensuring user data remains private.