LowestRates.ca Ranks No. 4 on the 2016 Startup 50

PROFIT and Canadian Business release list of Canada's Top New Growth Companies

TORONTO, Sept. 15, 2016 /CNW/ - Canadian Business and PROFIT today ranked LowestRates No. 4 on the Startup 50 ranking of Canada's Top New Growth Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the Startup 50 ranks young Canadian businesses on the basis of their percentage two-year revenue growth.

LowestRates.ca, a FinTech platform helping Canadians make smarter financial decisions, made the 2016 Startup 50 list with a two-year growth of 1,754 per cent.

"These young companies promise to transform Canada's economy through innovation and determination," says James Cowan, Editor-in-chief of PROFIT and Canadian Business. "Their stories of early success are truly inspiring."

"It is an honour to rank fourth on the Startup 50 ranking," says Justin Thouin, CEO, LowestRates. "Our platform gives Canadians access to multiple options when it comes to making important financial decisions. Today's achievement reflects the need for our service in Canada, and the hard work of our team members to make our vision a reality."

LowestRates.ca aims to disrupt the way Canadians shop for mortgages, insurance, credit cards and loans. The platform quickly compares rates and products from Canada's leading financial institutions. By providing free, unbiased options, Canadians can find the best personal finance solution for their unique needs, often saving them $1,000s in car insurance and $10,000s over the life of a mortgage.  

For more information, visit LowestRates.ca
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About PROFIT and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 34 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a total brand readership of more than 1.1 million, 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. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.

About LowestRates
Based in Toronto, ON, and founded in 2012, LowestRates.ca provides a free, independent service that helps consumers save time and money by comparing personal financial products from Canada's leading financial institutions. LowestRates.ca

SOURCE LowestRates

Image with caption: "LowestRates.ca Ranks No. 4 on the 2016 Startup 50 (CNW Group/LowestRates)". Image available at: http://photos.newswire.ca/images/download/20160915_C4566_PHOTO_EN_773430.jpg

Image with caption: "LowestRates.ca Ranks No. 4 on the 2016 Startup 50 (CNW Group/LowestRates)". Image available at: http://photos.newswire.ca/images/download/20160915_C4566_PHOTO_EN_773432.jpg

For further information: please contact: Linda North, NorthPR (for LowestRates) press@lowestrates.ca, 416-708-8012

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