Canadian Business unveils 30th annual list of Canada's Fastest-Growing Companies
TORONTO, Sept. 13, 2018 /CNW/ - Today, LowestRates.ca was announced as number 11 on the 30th annual Growth 500, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, Canadian Business and Maclean's, the Growth 500 ranks Canadian businesses on five-year revenue growth. Growth 500 winners are profiled in a special print issue of Canadian Business published with Maclean's magazine and online at CanadianBusiness.com and Growth500.ca.
"The team at LowestRates.ca is incredibly honoured and excited to be ranked so highly on the Growth 500," says Justin Thouin, Co-Founder and CEO, of LowestRates.ca. "It's a huge accomplishment to grow so much organically, without the help of any acquisitions or outside funding, in such a short time. We're looking forward to continuing our growth and our mission of helping Canadians save money and make smarter financial decisions."
LowestRates.ca made the 2018 Growth 500 list with five-year revenue growth of 4,905%. With rapid growth in the last five years, the company's near term goal is to save Canadians $1 billion in interest and fees. LowestRates.ca is currently saving Canadians $250 million a year in car insurance costs alone. It has also increased its team size by about 50% and are in the process of moving to a new open concept, collaborative office space at Yonge and Davisville.
"The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today," says Deborah Aarts, Growth 500 program manager. "As we celebrate 30 years of the Canada's Fastest-Growing Companies program, it's encouraging to see that entrepreneurship is healthier than ever in this country."
LowestRates.ca, an online rate comparison site for insurance, mortgages, loans and credit card rates in Canada, started five years ago with $150,000 and a simple mission: to use that money to build a company that helps Canadians save money. Now, millions of Canadians use the website to compare rates and it has been recognized as one of Canada's fastest-growing startups on PROFIT's 2016 and 2017 STARTUP 50 ranking of Canada's Top New Growth Companies.
Visit LowestRates.ca to learn more.
LowestRates.ca is an online rate comparison site for insurance, mortgages, loans and credit card rates in Canada. The free, independent service connects directly with financial institutions and providers from all over North America to offer Canadians a comprehensive list of rates. LowestRates.ca wants to help everyone become more financially literate, with a goal of saving Canadians $1 billion in interest and fees.
About the Growth 500
For 30 years, the Growth 500 has been Canada's most respectable and influential ranking of entrepreneurial achievement. Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the Growth 500—formerly known as the PROFIT 500—profiles the country's most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean's magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
For further information: Media Contact: Kaitlyn Ward, Eighty-Eight, 1 (416) 944-2722, [email protected]