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May 27, 2021

Another Day, Another Major Fintech Win for Charlotte: USAA

Charlotte, N.C. (May 27, 2021) – Today USAA announced it will be hiring 750
employees in Charlotte and will be soon calling home what is becoming known
as the new Silicon Valley of fintech: SouthEnd.


“Just 2 days after Credit Karma announcing their east coast headquarters in
Charlotte, and 2 months after Robinhood announcing their major expansion
into the Queen City, Fortune 100 heavyweight USAA is showing the world this
is more than a coincidence by announcing an expansion of their own,” said
Tariq Bokhari, Founder of the Carolina Fintech Hub. “Our city of Charlotte
is a dominant national force in fintech, and our state of North Carolina has
an unrivaled passion for our military baked into the strands of our DNA.
Having USAA become a part of our community won’t just be measured in jobs
and capital, it will be measured in lives changed for the better.”


This move supports USAA’s efforts to attract talented audit, banking, legal,
risk management and technology professionals. Founded in 1922 by a group of
military officers, USAA is among the leading providers of insurance, banking
and investment and retirement solutions to nearly 13 million members of the
U.S. military, veterans who have honorably served and their families. USAA
employs some 36,000 across the United States, and its reported 2020 revenue
was $36.3 billion.


“Opening an office in Charlotte is a win-win for USAA,” said USAA President
and CEO Wayne Peacock. “It gives us even greater access to some of the top
banking and technology professionals in a community that has a deep
understanding and care for the military. USAA has been serving military
families for nearly a century and we are excited to begin our second century
with a growing presence in Charlotte.”



Pasha Maher
Managing Director, CFH

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Posted by Cristian Ponce