FinTech

LowestRates.ca makes Deloitte’s Technology Fast 50 and 500 lists

By: LowestRates.ca Staff on November 7, 2019

LowestRates.ca is delighted to announce that we’ve ranked on Deloitte’s Technology Fast 50 and North America Technology Fast 500 lists, which were released Thursday morning.

On the Technology Fast 50, our company ranked 22nd, which is based on 705% revenue growth between 2015 and 2018.

And on the North America Technology Fast 500, we ranked among the top 200 companies, at number 164.

This is exciting news! While we've won a number of accolades here in Canada, this is the first time we’re being recognized outside of the country for our rapid growth.

The awards aren't just based on growth, though. They also highlight entrepreneurial spirit and bold innovation, as well as recognize companies that are making a real difference in the tech space.

“It’s fantastic to be recognized not only for our rapid revenue growth, but for our leadership, too,” says Justin Thouin, CEO and co-founder of LowestRates.ca. “Our top priority is giving Canadians a real shot at securing the best rate for financial products, and this recognition confirms we’re on the right track.”

Last year, LowestRates.ca ranked ninth on the Fast 50 list, which was based on 1,858.7% revenue growth from 2014 to 2017.

Securing another spot on the Fast 50 list — and making the Fast 500 list for the first time — is a huge deal for a company of our size.

LowestRates.ca was founded in 2012 with only $150,000 and two employees. Since then, not only have we grown in revenue; we’ve also grown in size. In fact, the LowestRates.ca team just keeps on growing. With a staff of 40 employees to date, we’re already pretty snug in our current digs, which we moved into only a year ago for that very reason. As we write this, we can hear the construction going on overhead in the office space above ours, which we’ll be taking over come spring when the renovations are complete.

These Deloitte rankings come on the heels of some other big news we recently received; just last month, we were excited to win the High-Growth Entrepreneurship Award from Startup Canada, which also recognizes Canada’s fastest-growing companies.

On top of all that, in September we made Canadian Business’ Growth 500 List, ranking as the second fastest-growing financial services company in Canada and the 15th fastest-growing company overall.

We’d like to extend a big thank you to Deloitte for once again recognizing our rapid growth and our company’s commitment to saving Candians time and money by giving them a free way to compare rates on mortgages, insurance policies, and credit cards.

And we’d like to thank all the consumers who come to our site every day in order to secure the best rate on all kinds of financial products.

Fun fact: the average Canadian who uses our site saves $600 a year on auto insurance. In 2018, we saved Canadians $20 million in the span of only one month. Just another reason to celebrate.

 

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