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Manitoba is investing $ 1.6 million in Neo Financial to support talent growth

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Provincial funding to train 300 new technology positions in Winnipeg

WINNIPEG, Manitoba – Today the Province of Manitoba announced that Neo Financial (Neo) has received a $ 1.6 million grant under its Industry Expansion program. The program will support skills training for 300 new employees at Neo’s headquarters in Winnipeg in the downtown Exchange District.

Following the recent announcement of $ 64 million in Series B funding, Neo has continued to accelerate its new product development and strategic partnerships. This provincial grant will accelerate the expansion of the Winnipeg team and open up more opportunities for Winnipeg’s fast-growing technology industry.

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“Canada’s banking sector is based on technology that is more than 50 years old and is incapable of rapidly innovating. That’s why Neo set out to build it from scratch, but for that we need more talented and motivated people to be part of that mission, “said Andrew Chau, Co-Founder and CEO of Neo Financial. “With the support of this scholarship, our team can build on existing talent in Winnipeg and provide opportunities for world-class education and a career where your work can impact millions of Canadians.”

“The technology and financial services sectors are two of the most sought-after industries in Manitoba and North America in terms of labor and customer demand,” said Jon R. Augen, Minister for Economic Development and Employment. “Our government’s investments will support the growth of Manitoba’s information, communications and digital technology sectors, contribute to our provincial economy, and support our local economy by spending more on goods and services.”

As she continues to build her team in Winnipeg, Neo will host a series of recruiting and industry-focused events and meetings around the city focusing on roles in engineering, product development, creative and design, and financial technology operations. For more information on vacancies and upcoming events, please visit Neo Financial’s Linkedin or careers page.

About Neo Financial:
Neo Financial (Neo) is a technology company working hard to create a better financial experience for all Canadians. Founded in 2019 by the co-founders of SkipTheDishes, Neo reinvents expenses, savings and rewards by using technology to simplify finances and create rewarding experiences for all Canadians.

By partnering with leading financial institutions, Neo offers members a secure way to spend and save money. Neo’s credit card is issued by ATB Financial and supported by the Mastercard network, and the Neo savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit insurance.

For more information, visit Neo Financial online, on Twitter, Facebook and on Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006318/en/

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contacts

Arianna Dametto
arianna.dametto@neofinancial.com

#distro

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