Canada’s Fastest-Growing Financial Services Companies: 2017 PROFIT 500

 
PROFIT 500: Canada’s Fastest-Growing Companies
Couple meet with financial advisor in office

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Meeting the varying demands of customers, partners and regulators is no easy task, so the strong showing of the financial services industry on the 2017 PROFIT 500 ranking of Canada’s Fastest-Growing Companies is quite an achievement.

The 28 financial services firms on this year’s ranking grew their revenues an average of 1,125% between 2011 and 2016. Collectively they employed 2,446 full time-equivalent employees in 2016.

Here is the complete list of Canada’s fastest-growing financial services companies for 2017.

1. IOU Financial
PROFIT 500: No. 4
Growth (2011–2016): 8,600%
Revenue (2016): $10–20 million
Headquarters: Montreal, Que.
What it does: Offers online lending to small businesses

2. Eden Park
PROFIT 500: No. 7
Growth (2011–2016): 6,982%
Revenue (2016): $10–20 million
Headquarters: Toronto, Ont.
What it does: Provides consumer finance services to automotive dealers and car-buyers

3. Canada Drives
PROFIT 500: No. 8
Growth (2011–2016): 6,850%
Revenue (2016): $20–50 million
Headquarters: Vancouver, B.C.
What it does: Facilitates auto financing and credit services for consumers through an online portal

4. Merchant Advance Capital
PROFIT 500: No. 19
Growth (2011–2016): 3,055%
Revenue (2016): $10–20 million
Headquarters: Vancouver, B.C.
What it does: Provides financing to small- and mid-sized businesses

5. Cambridge Global Payments
PROFIT 500: No. 73
Growth (2011–2016): 980%
Revenue (2016): $100–200 million
Headquarters: Toronto, Ont.
What it does: Offers foreign payment and hedging services for businesses trading internationally

6. Zomaron
PROFIT 500: No. 125
Growth (2011–2016): 576%
Revenue (2016): $5–10 million
Headquarters: London, Ont.
What it does: Provides electronic-payment-processing software and merchant services

7. KnightsbridgeFX.com
PROFIT 500: No. 164
Growth (2011–2016): 423%
Revenue (2016): $2–5 million
Headquarters: Toronto, Ont.
What it does: Offers online currency exchange services

8. KV Capital
PROFIT 500: No. 177
Growth (2011–2016): 370%
Revenue (2016): $2–5 million
Headquarters: Edmonton, Alta.
What it does: Offers short-term financing to consumers and businesses

9. SolidTrust Pay
PROFIT 500: No. 187
Growth (2011–2016): 344%
Revenue (2016): $2–5 million
Headquarters: Bobcaygeon, Ont.
What it does: Provides electronic wallet and online payment processing services for individuals and entrepreneurs

10. Groupe Premier Médical
PROFIT 500: No. 221
Growth (2011–2016): 287%
Revenue (2016): $5–10 million
Headquarters: Laval, Que.
What it does: Offers group insurance benefits to companies in Quebec

11. MarshallZehr Group
PROFIT 500: No. 222
Growth (2011–2016): 283%
Revenue (2016): $10–20 million
Headquarters: Waterloo, Ont.
What it does: Provides real estate developers with financing and capital management services

12. Coaching Financier Trek
PROFIT 500: No. 223
Growth (2011–2016): 281%
Revenue (2016): $2–5 million
Headquarters: Laval, Que.
What it does: Provides financial advice and asset-management services for businesses and individuals

13. Shenglin Financial
PROFIT 500: No. 248
Growth (2011–2016): 246%
Revenue (2016): $20–50 million
Headquarters: Toronto, Ont.
What it does: Offers wealth and estate planning services to consumers, specializing in the Chinese-Canadian community

14. Financial Horizons Group
PROFIT 500: No. 253
Growth (2011–2016): 239%
Revenue (2016): $50–100 million
Headquarters: Kitchener, Ont.
What it does: Distributes financial and insurance products and services through independent financial advisors

15. Financière S_Entiel
PROFIT 500: No. 271
Growth (2011–2016): 221%
Revenue (2016): $2–5 million
Headquarters: Laval, Que.
What it does: Delivers financial services and insurance products, primarily to financial advisers

16. Dominion Lending Centres
PROFIT 500: No. 276
Growth (2011–2016): 217%
Revenue (2016): $20–50 million
Headquarters: Port Coquitlam, B.C.
What it does: Provides mortgage brokerage and leasing services through a franchise network

17. General Credit Services
PROFIT 500: No. 287
Growth (2011–2016): 207%
Revenue (2016): $5–10 million
Headquarters: Vancouver, B.C.
What it does: Offers collection services and other outsourced business tasks

18. LOGiQ3
PROFIT 500: No. 320
Growth (2011–2016): 177%
Revenue (2016): $10–20 million
Headquarters: Toronto, Ont.
What it does: Provides life insurance and reinsurance consulting and outsourcing

19. Provisus Wealth Management
PROFIT 500: No. 348
Growth (2011–2016): 157%
Revenue (2016): $5–10 million
Headquarters: Toronto, Ont.
What it does: Manages investment portfolios for high-net-worth clients

20. Raintree Capital
PROFIT 500: No. 366
Growth (2011–2016): 142%
Revenue (2016): $10–20 million
Headquarters: Edmonton, Alta.
What it does: Packages and sells diverse financial services for investors

21. Premiere Mortgage Centre
PROFIT 500: No. 382
Growth (2011–2016): 131%
Revenue (2016): $10–20 million
Headquarters: Halifax, N.S.
What it does: Brokers mortgages for home buyers and commercial clients

22. Green Private Wealth Counsel
PROFIT 500: No. 385
Growth (2011–2016): 130%
Revenue (2016): $2–5 million
Headquarters: Woodstock, Ont.
What it does: Provides personalized financial planning services for individuals and businesses

23. Mica Cabinets de Services Financiers
PROFIT 500: No. 393
Growth (2011–2016): 123%
Revenue (2016): $20–50 million
Headquarters: Quebec, Que.
What it does: Sells mutual funds, insurance products and other services to financial advisers

24. LGM Financial Services
PROFIT 500: No. 399
Growth (2011–2016): 119%
Revenue (2016): $20–50 million
Headquarters: Vancouver, B.C.
What it does: Provides finance and insurance products in the automotive sector

25. TIO Networks
PROFIT 500: No. 429
Growth (2011–2016): 104%
Revenue (2016): $50–100 million
Headquarters: Vancouver, B.C.
What it does: Provides electronic payment-processing systems to businesses and consumers

More fast-growing financial services companies:

26. Benson Kearley IFG (No. 462); 27. iFinance Canada (No. 488); 28. HomEquity Bank (No. 493)

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