Ratehub Inc. Announced as One of Deloitte’s Technology Fast 50™ companies
Today, Ratehub Inc. is presented the Deloitte Technology Fast 50™ program award for its rapid revenue growth, entrepreneurial spirit and bold innovation. The program and annual award distinguishes 50 Canadian technology companies with the highest revenue-growth percentage over the past four years. Ratehub Inc. ranks 37 with 604.7 percent in revenue growth from 2014 to 2017.
The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 21st year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
Ratehub Inc.’s founders Alyssa Furtado and James Laird, credit Ratehub Inc.’s easy-to-navigate platform, sophisticated calculators and growth of its brokerage, CanWise Financial, with the company’s 604.7 percent revenue growth. Ratehub Inc.’s calculators and comparison tools help simplify complex financial information for Canadians and allow them to make informed decisions when it comes to financial products including mortgages, credit cards, savings accounts, chequing accounts and insurance.
“We’re honoured to be recognized this year as a Deloitte Technology Fast 50 program winner. This year has been an exciting one for Ratehub Inc. in terms of growth and product innovation. In 2018 alone, we launched new tools allowing Canadians to quickly and easily compare auto insurance quotes online. We also built a digital platform allowing Canadians to navigate the entire mortgage process online, and we brought Quebec residents the ability to compare banking and investing products in French,” says Furtado.
“Business is changing rapidly, and what used to work a few years ago isn’t a recipe for what will work in the future,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. “Fast 50 winners are a beacon of innovation and I’m looking forward to how they will change the business and technology landscape in the future.”
“We want to thank our team for their continued dedication and hard work in connecting Canadians to the best financial products through our financial product comparison site, Ratehub.ca, and mortgage brokerage, CanWise Financial,” says Laird. “We’re excited to celebrate our success with the Deloitte Technology Fast 50 program and are looking forward to helping even more Canadians make smarter financial decisions in 2019.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, 3C Innovation, BCF Business Law, Bank of Montreal, Bennett Jones, CBRE, First West Capital and OMERS Ventures. For further information, visit www.fast50.ca.