Today, Neo Financial (Neo), a financial technology company created by two of the co-founders of SkipTheDishes, announced it has acquired new office space in Winnipeg’s Exchange District to build a second headquarters that will add over 300 technology jobs to Winnipeg over the next five years. Neo’s newly acquired Winnipeg office space was the previous headquarters of SkipTheDishes, and where co-founders Andrew Chau and Jeff Adamson grew a team of over 2500 employees before starting Neo Financial.
“We’re excited to once again be building roots in Winnipeg,” says Andrew Chau, Co-Founder and CEO of Neo Financial. “Reimagining the way Canadians bank is no easy feat, but it’s a challenge that our team is taking head on. With our Winnipeg expansion, we’ll be looking for more ambitious individuals to join us in our journey.”
Since Neo’s inception in 2019, the company has launched a Neo Mastercard, a no-fee and unlimited transaction high-interest savings account, and a cashback network of over 3,000 community retail partners across Canada. Neo also launched a strategic partnership with Hudson’s Bay to bring their 2 million cardholders a new digitally integrated Hudson’s Bay Mastercard.
Supporting this growth, Neo completed a $50M Series A that was led by Valar Ventures, a New York-based venture capital firm started by PayPal co-founder Peter Thiel, with coinvestors including Canadian based Golden Ventures, Inovia Ventures, and Shopify CEO Tobi Lutke.
“We are thrilled that a cutting-edge company like Neo Financial has chosen Winnipeg to be part of its next phase of growth. It speaks to the amazing talent our city can offer. The job opportunities Neo Financial will create will only strengthen our flourishing tech sector,” says Dayna Spiring, President & CEO of Economic Development Winnipeg.
With immediate growth plans, which includes new product offerings and strategic partnerships, Neo is expanding their team of 300 currently based in Calgary. As they begin to scale the team in Winnipeg, Neo will be hosting a series of recruitment and industry focused events and meetups in the city. Information on open roles and upcoming events can be found on Neo Financial Linkedin.
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/20210817005380/en/