Get a free, no obligation personal loan quote with rates as low as 9.99%
Get Started You can apply with no impact to your credit score

TORONTO, Nov. 6, 2024 /PRNewswire/Loans Canada has been recognized by Deloitte’s 2024 Technology Fast 50™ awards program for its rapid growth, entrepreneurial spirit, and bold innovation.

The program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue growth percentage over the past four years. Loans Canada ranks 44th with 456% revenue growth from 2020 to 2023. 

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, and winners are automatically eligible for this elite ranking. 

Loans Canada’s CEO Scott Satov credits his team’s agility and the proprietary technology they have built with the company’s impressive growth. Satov said, “We are able to quickly adapt to market changes to meet the needs of our customers.” CTO Cris Ravazzano adds, “We have already received millions of applications and we are averaging 100,000 applications per month, it is very rewarding to see how our users and partners continue to trust our platform.”

“These exceptional Technology Fast 50 winners epitomize the spirit of innovation and entrepreneurial excellence in Canada’s technology sector,” expressed Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. “By demonstrating remarkable growth rates and showcasing their ability to adapt and thrive in a rapidly evolving market, these companies have distinguished themselves as leaders in their respective fields. Their success not only reflects their own ingenuity and dedication but also contributes to the overall growth and competitiveness of Canada’s technology ecosystem. We are proud to celebrate their achievements and recognize them as the driving force  behind the country’s technological advancement and economic prosperity.” 

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2020 and $5 million in 2023, be headquartered in Canada, own proprietary technology, and invest a minimum of 5% of gross revenues in R&D activities that are conducted in Canada.

About the Deloitte Technology Fast 50 program

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.

About Loans Canada

Loans Canada launched in 2012 as Canada’s first loan comparison platform and is the leading nation-wide financial service destination for Canadian rate shoppers. Loans Canada has connected millions of Canadians to personal loan, car loan, home equity and debt relief solution providers. The company helps hundreds of thousands of Canadians compare financial service options every year and with its CompareHub portal provides free credit scores to Canadians.

Media Contact

Cris Ravazzano: cris@loanscanada.ca

SOURCE Loans Canada

Loans Canada avatar on Loans Canada
Special Offers

More From Our Experts

https://loanscanada.ca/wp-content/uploads/2024/11/grant-vs-loan.png
Grant vs. Loan: What’s The Difference?

By Jun Ho
Published on November 15, 2024

While both a grant and a loan can provide you with the funds you need, they are two very different options. Keep reading to see which one is right for...

https://loanscanada.ca/wp-content/uploads/2024/11/how-to-buy-a-house.png
How To Buy A House In Canada: A Step-by-Step Guide

By Lisa Rennie

Buying a house is a complex process. We've broken down each step so you know exactly what's to come when buying a house.

https://loanscanada.ca/wp-content/uploads/2019/08/stop-payment-canada.png
What Is A Stop Payment?

By Veronica Ott

Curious about what a stop payment is and how they can help you manage any payment issues you're having? We have all the information you need.

https://loanscanada.ca/wp-content/uploads/2024/11/Secondary-Suite-Incentive-Program.png
Boost Your Property Value: Secondary Suite Incentive Programs Across Canada

By Sean Cooper

Thinking of adding a basement suite to your home? Find out how you can cover your costs using the government secondary suite incentive programs.

https://loanscanada.ca/wp-content/uploads/2024/11/Seniors-choice-1.png
Seniors Choice Life Insurance: Review

By Lisa Rennie

Seniors Choice is a life insurance provider that provides up to $250,000 in coverage to Canadian residents between the ages of 40 and 80.

https://loanscanada.ca/wp-content/uploads/2024/11/Best-index-funds-canada-1.png
Best Index Funds In Canada

By Lisa Rennie

If you are looking for a low-risk, passive investment strategy that will help you steadily build wealth over time, then you should consider index fund...

https://loanscanada.ca/wp-content/uploads/2020/10/Questions-to-Ask-Car-Dealer.png
Questions To Ask Your Dealer When Buying A Car

By Steven Brennan

Asking the right questions can help you determine if you’re comfortable purchasing a specific vehicle, whether from a dealership or a private seller.

https://loanscanada.ca/wp-content/uploads/2019/05/distracted-driving-laws-canada.png
Distracted Driving Laws In Canada

By Steven Brennan

To prevent accidents or costly fines, it's important to understand how your province polices and treats distracted driving.

Recognized As One Of Canada's Top Growing Companies

Loans Canada, the country's original loan comparison platform, is proud to be recognized as one of Canada's fastest growing companies by The Globe and Mail!

Read More

Why choose Loans Canada?

Apply Once &
Get Multiple Offers
Save Time
And Money
Get Your Free
Credit Score
Free
Service
Expert Tips
And Advice
Exclusive
Offers

Build Credit For Just $10/Month

With KOHO's prepaid card you can build a better credit score for just $10/month.

Koho Prepaid Credit Card