FinTech

LowestRates.ca makes the Fast 50. We're now Canada’s top comparison site

By: LowestRates.ca Staff on November 15, 2018

LowestRates.ca was named one of Canada’s fastest growing companies on Deloitte’s 2018 Technology Fast 50 list on Thursday — and we couldn’t be more thrilled.

Our company ranks ninth on Deloitte’s annual list of 50 Canadian tech companies. This achievement is based on the rate at which LowestRates.ca is growing its revenue — 1,858.7% over the past three years alone.

The win is one that everyone at our company will be celebrating today. Six years ago, we founded LowestRates.ca with just $150,000 and one goal in mind: to create a website for Canadians to compare financial products and find the best deal.

“I feel we’ve been successful because our goal is to help people,” said Justin Thouin, co-founder and CEO of LowestRates.ca. “We want to help Canadians save money and not be taken advantage of by financial institutions. When your purpose is to help people, you’re that much more driven and motivated to succeed.”

When your purpose is to help people, you’re that much more driven and motivated to succeed

Now, in 2018, we’re proud to say that we’ve achieved that goal. A recent survey of our users found that the average Canadian saves $600 in auto insurance each year when they use our site. At the moment, we’re collecting data on how much money our users save on other products we compare, like mortgages, credit cards and home insurance.

What’s good for Canadians is good for our company. This fall, we expanded our company by 50% and moved to a bigger, brand-new office at Yonge and Davisville to accommodate our growing team.

Our company’s place on the Fast 50 list is not the first honor we’ve received this year. In September, Canadian Business named LowestRates.ca the 11th fastest growing company in Canada based on their Growth 500 ranking. Like the Fast 50 list, the Growth 500 tracks the country’s fastest growing firms based on revenue.

As always, we want to thank all our users for using our site to save money. We couldn’t have done this without you. 

 

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