News Item

03.25.2019

WBC Joins Mayor Emanuel to Welcome Fintech Startup Tegus to New HQ Relocation

Company Plans to Add 100 Employees by 2020


“Chicago has led the country in corporate relocations for six straight years because we have the talent, connectivity and infrastructure businesses need to succeed.”

-Mayor Rahm Emanuel


This March, Mayor Rahm Emanuel and World Business Chicago announced that financial technology company Tegus will relocate their HQ to Chicago from San Francisco and add 45 employees by the end of 2019, with expansion goals of more than 100 employees by 2020.

“Chicago has led the country in corporate relocations for six straight years because we have the talent, connectivity and infrastructure businesses need to succeed,” said Mayor Emanuel. “Our commitment to recruit, relocate and expand business in Chicago has created more than 50,000 new jobs since 2011. Tegus has joined the long list of businesses choosing Chicago for their future because they believe in the future of Chicago.”

Co-Founded in San Francisco, CA by Michael and Thomas Elnick, Tegus operates at the intersection of finance and technology, connecting individual investors with expert advisors to provide actionable market insights. Tegus relocated their headquarters to Chicago in mid-2018. Tegus joins a list of over 80 technology companies who have grown their footprint in Chicago since 2011.

“We are focused on hiring exceptional talent and felt that Chicago’s diverse talent pool gives us the best opportunity to win,” says Co-CEO Thomas Elnick. “Chicago perfectly fit our hiring philosophy of a high-performing, customer-centric, and ambitious team we want to surround ourselves with. It’s also an amazing city full of great people, affordable housing, restaurants, entertainment, and more to keep all of our employees happy.” Tegus’ HQ relocation to Chicago is just the latest in 57 other corporate HQ and relocations in that last eight years.


“Chicago perfectly fit our hiring philosophy of a high-performing, customer-centric, and ambitious team we want to surround ourselves with. It’s also an amazing city full of great people, affordable housing, restaurants, entertainment, and more to keep all of our employees happy.”

-Thomas Elnick, Co-CEO of Tegus


Since 2011, the Mayor has announced 57 corporate relocations and 191 business expansions, which translates into more than 50,000 jobs added as a direct result of these expansion and relocation efforts. The Tegus announcement also comes on the heels of Google’s most recent expansion in Chicago. “Companies understand that Chicago is the best city in the country to locate and do business, and we are thrilled to welcome Tegus,” said Andrea Zopp, president and CEO of World Business Chicago.

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