FinTech

LowestRates.ca moves up one spot to No.14 on the 2020 Growth List

By: LowestRates.ca Staff on October 16, 2020

We're pleased to announce that, for the third consecutive year, LowestRates.ca ranks among the top 20 fastest-growing companies in the country, according to the Canadian Business Growth List 2020

With five-year revenue growth of 6,497%, we placed No.14 of 500, overall, on the definitive ranking of Canada’s fastest-growing firms, and were named second in the financial services category. 

“This is very exciting,” says Justin Thouin, Co-Founder and CEO of LowestRates.ca. 

“We’re so proud of our achievements and it’s really rewarding to see our efforts pay off. Congratulations to the other phenomenal companies on the list — we are thrilled to be featured among other Canadian success stories.”

Formerly known as the Growth 500, the annual list compiled and published by Canadian Business recognizes passionate, innovative and successful businesses, based on their revenue growth over the last five years.

"The companies on the 2020 Growth List are really exceptional,” Susan Grimbly, Growth List Editor, said in a statement. 

“Their stories are a masterclass in how to survive when the economy throws a curveball. Despite the turbulence, the 2020 Growth List companies showed resilience, spirit and, most importantly, empathy and strong leadership.”

Along with this rapid growth, LowestRates.ca has helped Canadians save more than $1 billion on their personal finances. 

Founded in 2012, with $150,000, our simple mission endures: to become the first place Canadians come to when they have a financial decision to make. Our website allows customers to compare rates on financial products such as mortgages, insurance policies, and credit cards. 

A huge thank you to every Canadian who has used our website. We couldn’t have done this without you! 

And, last but definitely not least, thank you to our phenomenal team. Our success is a testament to your dedication and hard work. 

All the Growth List 2020 winners will be featured in a special print issue of Maclean's magazine in December and online at CanadianBusiness.com. 

 

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