Loans Canada announced as one of Deloitte’s Technology Fast 50 program winners for 2024

Loans Canada
Author:
Loans Canada
Loans Canada
Expert Contributor at Loans Canada
Caitlin
Reviewed By:
Caitlin
Caitlin Wood, BA
Editor-in-Chief at Loans Canada
Caitlin Wood has more than a decade of experience helping Canadian consumers learn how to take control of their finances. Expertise:
  • Personal finance
  • Consumer borrowing
  • Credit improvement
  • Debt management
📅
Updated On: November 12, 2024
Get a free, no obligation personal loan quote with rates as low as 9.99%
Free quote with no impact to your credit

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/2014/08/co-sign-a-loan-.png
Should You Cosign A Loan? What You Should Know Before Signing That Loan Contract

By Lisa Rennie
Updated on October 16, 2025

Should you cosign a loan? If so, remember that you're not only helping someone get approved, but you're taking responsibility for the loan.

https://loanscanada.ca/wp-content/uploads/2023/04/Criminal-Interest-rate.png
A Guide To Canada’s Criminal Interest Rate

By Priyanka Correia, BComm
Updated on October 15, 2025

Canada's criminal interest rate is meant to protect consumers from sky-high interest on loans. But it can also affect access to loans.

https://loanscanada.ca/wp-content/uploads/2020/06/Loan-Payment-Deferral-1.png
What Is A Personal Loan Payment Deferral?

By Priyanka Correia, BComm
Updated on October 14, 2025

What is a personal loan payment deferral? Depending on your financial circumstance, some lenders may allow a loan payment deferral.

https://loanscanada.ca/wp-content/uploads/2025/10/BNPL-Vs.-Personal-Loan.png
BNPL Vs. Personal Loan? Here’s Why Personal Loans Win

By Lisa Rennie
Updated on October 8, 2025

BNPL services and personal loans can both be used to fund a purchase. But which option is best? Read on to find out more.

https://loanscanada.ca/wp-content/uploads/2017/01/finances-after-marriage.png
Should You Combine Finances After Marriage?

By Sandra MacGregor
Updated on October 7, 2025

Should you combine your finances after marriage? Find out what happens to your debt, credit, and other finances when you get married.

https://loanscanada.ca/wp-content/uploads/2022/02/How-To-Get-A-Loan-From-The-Bank.png
How To Get A Personal Loan From A Bank

By Lisa Rennie
Updated on October 7, 2025

Are you in need of extra cash to cover a pressing expense? Read on to find out how to get a personal loan from a bank in Canada.

https://loanscanada.ca/wp-content/uploads/2019/12/Cash-Advance.png
What Is A Cash Advance In Canada?

By Lisa Rennie
Updated on October 6, 2025

Whether you're looking for quick cash or need to cover an unexpected expense, a cash advance can help. Read on to find out more.

https://loanscanada.ca/wp-content/uploads/2025/10/line-of-credit-bad-credit-1.png
Can You Get A Line Of Credit If You Have Bad Credit In Canada?

By Lisa Rennie
Updated on October 2, 2025

Can you get a line of credit if you have bad credit in Canada? This blog explains how you can, and the potential perks and drawbacks.

Recognized As One Of Canada's Top Growing Companies

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