Vesti, a rapidly growing technology startup dedicated to empowering immigrants worldwide with access to financial services, is expanding its operations into the Edmonton Region. This strategic move underscores the Edmonton Region’s growing reputation as a global hub for innovation, entrepreneurship, and inclusive growth. To begin with, the company will co-locate at Edmonton Unlimited. They are in the process of hiring a team of four locally, with plans to further expand the team through 2025.
Founded with a vision to break down financial barriers for immigrants, Vesti provides tools and solutions that simplify cross-border financial transactions, residency processes, and more. With offices in five countries and over one million users worldwide, the company is revolutionizing how immigrants navigate their new environments. This will be the company’s first expansion into Canada.
Vesti is a Techstars-backed company and recently participated in the latest TELUS Community Safety and Wellness Accelerator cohort which is where they were introduced to Edmonton Global and learned about the opportunities in the Edmonton Region.
To mark its arrival, Vesti is planning a takeover of Edmonton Unlimited’s Community Coffee. The event will serve as an introduction to the Edmonton Region’s vibrant business and tech communities, providing an opportunity to connect with local leaders, stakeholders, and innovators. The event is scheduled for the morning of March 5 and details for the event can be found here. Vesti aims to use this gathering to spark meaningful conversations and explore collaboration opportunities with the local community.
“We are thrilled to bring Vesti to the Edmonton Region,” said Olusola (Olu) Amusan, CEO of Vesti. “Edmonton’s thriving tech ecosystem, supportive community, and diverse population make it the perfect location for our next phase of growth. We look forward to collaborating with local leaders, organizations, and talent as we expand our mission to create financial freedom for immigrants.”
“We’re excited to welcome Vesti to the Edmonton Region and have them grow their migration fintech platform alongside us at Edmonton Unlimited,” said Tom Viinikka, CEO of Edmonton Unlimited. “Their commitment to empowering immigrants is inspiring, and we’re excited to welcome them to the community.”
“Vesti is making a significant impact by empowering newcomers with seamless access to essential financial services, breaking down barriers to banking, credit, and financial stability. As a standout participant in the Community Safety and Wellness Accelerator Powered By AlchemistX, funded by the Alberta Innovates ScaleUp GAP program, Vesti has demonstrated incredible potential,” said Ashif Mawji, Chair of the Community Safety and Wellness Accelerator. “With their expansion into Edmonton, we see a bright future ahead for them and are excited to witness their continued success in fostering financial inclusion on a global scale. The Government of Alberta’s investment in the ScaleUp GAP program is providing great returns, as one of the key success criteria is to help attract businesses to set up a presence in Alberta, and Vesti has realized the benefits Alberta provides.”
“Vesti is revolutionizing financial services for migrants, providing seamless, technology-driven solutions that simplify cross-border payments and financial management. Their commitment to empowering newcomers with accessible and efficient banking tools is commendable,” said Moustafa Osman, Program Manager with Black Business Ventures Association. “As they expand to Edmonton, we are excited to see the impact they will bring to the local ecosystem, helping new arrivals navigate their financial journey with confidence.”
“Vesti’s expansion into the Edmonton Region is a testament to the strength of our tech ecosystem and our commitment to being a welcoming place for newcomers,” said Malcolm Bruce, CEO at Edmonton Global. “We are excited to welcome Vesti and look forward to supporting their journey in creating impactful solutions that benefit immigrants worldwide. Vesti’s presence in the Edmonton Region represents not only an investment in the local economy but also a commitment to advancing technology that empowers underserved communities.”
For more information about Vesti, visit https://wevesti.com/.
