Seven Calgary companies rank on Deloitte Canada's Technology Fast 50 list

🗳️ Question of the Week

This week, the federal government announced a $4.3 million investment into aerospace and aviation in Alberta.

Neo Financial takes it all on the Deloitte Canada Technology Fast 50 list

Seven Calgary companies were recognized on Deloitte’s list of Canada’s 50 fastest-growing tech companies, with Neo Financial topping the list. Now in its 27th year, the Technology Fast 50 program recognizes the achievements of Canadian tech companies, measured by three-year growth.

To take home first place, Neo Financial reported three-year growth of 154,022 percent, leaping from the number one spot in the Companies-to-Watch category last year to the head of the big-time rankings. The company offers a variety of financial solutions to customers. Its services include high-interest savings accounts and deposit accounts, a suite of Mastercard offerings (including a no-annual-fee cashback Mastercard), and mortgage options.

In October, Neo also came first on the Globe and Mail’s annual ranking of Canada’s fastest-growing companies.

“Neo Financial's growth reflects Canadians’ strong demand for better banking options and our team’s dedication to building a brighter financial future,” said Andrew Chau, CEO and co-founder of Neo Financial. “We’re laser-focused on giving more time and money back into the hands of hardworking Canadians with intuitive products like our award-winning credit cards and high-interest savings accounts.”

Neo wasn’t the only Calgary company recognized on the list. Healthtech company PurposeMed came in second place, followed by ZayZoon in 14th, Showpass in 20th, Headversity in 23rd, and BossPac Technologies in 30th. Qube Technologies, an emissions monitoring company, came in fourth on Deloitte’s list of companies to watch.

🤝 Funding, Deals, and Partnerships

• MP Chahal announces federal investments to grow Alberta’s aerospace and aviation industry. Over $4.3 million will flow into the province through PrairiesCan to manufacture and commercialize new technologies, connect small- and medium-sized firms with procurement opportunities, and create new career paths for underrepresented groups. Government of Canada

• SAIT receiving $1.4M in federal funding for new aerospace laboratory. The investment will be used to help create an aerospace composite materials laboratory. Southern Alberta Institute of Technology

• E2E Energy Solutions and Novus Earth partner on pioneering geothermal initiative in Alberta. Construction is expected to begin in early 2025, with the project designed to drive both sustainable energy solutions and agricultural growth. E2E Energy Solutions

SPONSORED BY THIS WEEK IN CALGARY

📰 Need To Know

• Who are Calgary’s most investable cleantech companies? It is increasingly clear that Canada is struggling to keep up with other G7 countries in tackling climate change. Calgary.Tech

• Team Alberta showcases Alberta: The best place for digital health innovation. Alberta Innovates coordinated a team of 35 local partners to attend the MedTech Conference to encourage digital health investment and innovation in our province. Alberta Innovates

• Edmonton’s Wyvern Space uses advanced tech to ‘reveal the hidden reality of Earth.’ The Alberta firm is using high-resolution hyperspectral imaging technology to uncover a range of what it calls ‘invisible problems’ from space. Calgary.Tech