Stephan Klee named CFO of Portag3 Ventures

TORONTO – Adam Felesky, President of Portag3 Ventures ("Portag3"), is pleased to announce the appointment of Stephan Klee as Chief Financial Officer.

Klee has 15 years of experience as a CFO and Chief of Staff at various companies in the U.S., Canada, Europe and Asia. He joins Portag3 after serving as CFO of Zenbanx Holding, Inc. and remaining in an Executive capacity after its merger with SoFi, Inc. one of the largest US fintech companies.

"We are thrilled to announce Stephan Klee's hiring. His breadth of experience and in-depth knowledge of the FinTech space will be tremendous assets for Portag3 and its underlying portfolio," said Felesky. "We are now in a position to leverage and seek synergies amongst our investments and Stephan will be a key player in exploring these opportunities."

Portag3 is exclusively backed by a corporate partnership between Power Financial Corporation (TSX: PWF), IGM Financial Inc. (TSX: IGM) and Great-West Lifeco Inc. (TSX: GWO). The fund is committed to finding creative, ambitious entrepreneurs who will help reshape the FinTech sector. Portag3 makes early stage investments in promising companies that have the potential for innovative change and global impact.

"I am excited to be joining Portag3 to work with the entire team," said Klee. "Portag3 has quickly established itself as a global leader in FinTech investing. I was attracted by the quality of their talent, their long-term vision and the breadth of their global network."

Previously, Klee served as a Senior VP at Bank of Nova Scotia, at ING Direct Canada, where he was CFO & Treasurer from 2011 to 2014, and at ING Direct USA, where he served as Chief of Staff from 2002 to 2011. He began his career at Deutsche Bank in Germany. Klee attended the University of Applied Sciences in Germany before earning an MBA at the Ivey Business School at Western University. He is also an AMP graduate from Harvard Business School.

About Portag3 Ventures

Portag3 Ventures is an early-stage investor dedicated to backing the next generation of innovative, global financial services companies working to benefit all consumers. With its longer-term commitments combined with its industry intelligence and operational expertise, Portag3 is the ideal partner for the bold and ambitious entrepreneur. Initially formed in 2016 as part of the Power Financial Corporation ecosystem in affiliation with Great-West Lifeco Inc. and IGM Financial Inc., Portag3 has since welcomed external investors to establish a leading, interconnected fintech ecosystem that successfully scales portfolio companies, shares key market insights, and leverages collective distribution power to drive financial services innovation across the globe. In addition to venture investing, Portag3 also seeks to help found global champions in financial services in partnership with fintech incubator Diagram Ventures. Portag3 today has offices in Toronto and Montreal with representatives in New York and Singapore.

For more information, contact: Adam Daifallah, 514-316-7089, [email protected].