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Toronto, Ontario, September 29, 2023Loans Canada is pleased to announce it placed No. 228 on the 2023 Report on Business ranking of Canada’s Top Growing Companies.

Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Loans Canada earned its spot with a three-year growth of 193%. 

Loans Canada marks another pivotal year in their commitment to helping Canadians with their financial needs. 2023 saw Loans Canada partnered with KOHO Financial to launch a scholarship program designed to specifically empower Canadian students. In their commitment to assist Canadians, Loans Canada has continued to expand their borrower resources with improvements to its lender database and an improved online experience. And with the success of its affiliate program continuing to soar, users have more access to financing options than ever before.

One year following the launch of its credit score platform, CompareHub — Loans Canada is seeing steady growth in its membership base — a testament to the trust Canadians place in the platform. Looking ahead to 2024, the company is gearing up for substantial platform improvements, further enhancing the user experience and solidifying its position as a leading resource for financial comparison and credit score health. 

On their growing success, CEO Scott Satov reflects, “We’re incredibly thankful for the meteoric growth our company has experienced over the past five years. This journey has been nothing short of remarkable. We owe our success to our loyal users and our dedicated team’s unwavering commitment to improving our platform.” With these ventures, Loans Canada reaffirms its commitment to providing innovative solutions and support to Canadians.

Canada’s Top Growing Companies is an editorial ranking that was launched in 2019. It aims to bring the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary program; companies had to complete an in-depth application process and fulfill requirements. In total, 425 companies earned a spot on this year’s ranking. 

The full list of 2023 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here. 

“Canada’s Top Growing Companies acknowledges the drive and ingenuity displayed by Canadian business,” says Dawn Calleja, Editor of Report on Business magazine. “This year’s ranking serves as an inspiration for future business owners.” 

“This year’s Report on Business magazine’s list of Top Growing Companies shows how innovative ideas always rise to the top, perhaps even more so in times of uncertainty,” says Andrew Saunders, CEO of The Globe and Mail. “The Globe and Mail congratulates this year’s winners for meeting and surpassing those economic challenges.”

About The Globe and Mail 

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.2 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.7 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.

About Loans Canada

Launched in 2012, Loans Canada is the first and leading country-wide financial service comparison platform. Loans Canada has connected over 1.5 million users to personal loan, car loan, debt relief and credit building solutions. With its growing presence, Loans Canada is able to assist hundreds of thousands of Canadians every year with a variety of financial services. Additionally, Loans Canada is a top destination for financial literacy content and offers a Financial Literacy Scholarship to post-secondary students multiple times per year. For more information visit www.loanscanada.ca.

Caitlin Wood, BA avatar on Loans Canada
Caitlin Wood, BA

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

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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!

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