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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Manitoba Invests $1.6 Million Grant in Neo Financial to Support Talent Growth

November 16, 2021 GMT

WINNIPEG, Manitoba--(BUSINESS WIRE)--Nov 16, 2021--

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

Following their recent $64M Series B funding announcement, Neo has continued to accelerate its development of new products and strategic partnerships. This grant from the province will fast-track the expansion of the Winnipeg team, and bring more opportunities to Winnipeg’s fast growing tech industry.

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“Canada’s banking sector is built upon technology that is more than 50 years old and unable to innovate quickly. This is why Neo has set out to rebuild it from the ground up, but in order to do that, we need more talented and driven individuals that want to be part of that mission,” said Andrew Chau, co-founder and CEO of Neo Financial. “With the support of this grant, our team is able to build upon the existing talent in Winnipeg, providing opportunities for world class training and a career where your work can impact millions of Canadians.”

“The technology and financial services sectors are two of the most in-demand industries in Manitoba and North America, in terms of workforce and customer demand,” said Jon R eyes, Minister of Economic Development and Jobs. “ Our government’s investment will support the growth of Manitoba’s information, communication and digital technology sector, contribute to our provincial economy, and support our local economy through increased spending on goods and services.”

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As they continue to build their team in Winnipeg, Neo will be hosting a series of recruitment and industry focused events and meetups in the city, focused on roles in engineering, product development, creative and design and financial technology operations. More information on open roles and upcoming events can be found on Neo Financial’s Linkedin or career site.

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

Through partnerships with leading financial institutions, Neo provides members with a safe and secure way to spend and save. Neo’s credit card is issued by ATB Financial and backed by the Mastercard network, and the Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection.

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

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

CONTACT: Arianna Dametto

arianna.dametto@neofinancial.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY OTHER TECHNOLOGY MOBILE/WIRELESS FINANCE BANKING

SOURCE: Neo Financial

Copyright Business Wire 2021.

PUB: 11/16/2021 03:45 PM/DISC: 11/16/2021 03:46 PM

http://www.businesswire.com/news/home/20211116006318/en