Innovation

The 2015 PROFIT 500: Canada's Fastest-Growing Finance Companies

Meet some of the industry's most successful businesses

Written by PROFIT Staff

Meeting the varying demands of customers, partners and regulators is no easy task, so the strong showing of the financial services industry on the 2015 PROFIT 500 Ranking of Canada’s Fastest Growing Companies is an achievement to be admired. With five firms boosting sales by over 1,000% over the last five years, there’s plenty for the sector to celebrate on this year’s list.

The 28 financial services firms on this year’s ranking grew their revenues an average of 562% between 2009 and 2014, creating an additional 2,149 full-time equivalent (FTE) jobs over that period. Collectively they employed 3,080 full-time and 290 part-time employees in 2014.

Here is the complete list of the Canada’s Fastest Growing Construction Companies for 2015.

1. IOU Financial

PROFIT 500 Rank: 22
Head Office: Montreal
Five-year revenue growth (2009€“2014): 2,980%
Chief Executive(s): Philippe Marleau
FTE Employees: 49

Provides online lending to small businesses

2. Beaudoin, Rigolt & Associés

PROFIT 500 Rank: 32
Head Office: Sherbrooke, Que.
Five-year revenue growth (2009€“2014): 2,332%
Chief Executive(s): Marc Beaudoin
FTE Employees: 33

Provides financial services

3. EdenPark

PROFIT 500 Rank: 41
Head Office: Toronto
Five-year revenue growth (2009€“2014): 1,697%
Chief Executive(s): Mark Eleoff
FTE Employees: 27

Provides non-traditional vehicle financing through car dealers

4. Lynx Equity

PROFIT 500 Rank: 50
Head Office: Toronto
Five-year revenue growth (2009€“2014): 1,413%
Chief Executive(s): Brad Nathan
FTE Employees: 1,300

Private equity firm specializing in buying businesses from retiring owners

5. KV Capital

PROFIT 500 Rank: 61
Head Office: Edmonton
Five-year revenue growth (2009€“2014): 1,112%
Chief Executive(s): Shafin Kanji & Aleem Virani
FTE Employees: 12

Non-bank lender and private equity firm

6. Trillium FSB

PROFIT 500 Rank: 104
Head Office: Concord, Ont.
Five-year revenue growth (2009€“2014): 684%
Chief Executive(s): Orit Koren
FTE Employees: 11

Provides financing and leasing services to auto dealerships

7. ARM Agence de recouvrement

PROFIT 500 Rank: 110
Head Office: Shawinigan, Que.
Five-year revenue growth (2009€“2014): 652%
Chief Executive(s): Jean-Francois Gingras
FTE Employees: 98

Debt collection agency

8. True North Mortgage

PROFIT 500 Rank: 141
Head Office: Calgary
Five-year revenue growth (2009€“2014): 454%
Chief Executive(s): Dan Eisner
FTE Employees: 33

Discount mortgage broker

9. Shenglin Financial Group

PROFIT 500 Rank: 163
Head Office: Toronto
Five-year revenue growth (2009€“2014): 389%
Chief Executive(s): Shenglin Xian
FTE Employees: 58

Provides tailor-made financial planning services, primarily serving Chinese immigrants

10. Premiere Mortgage Centre

PROFIT 500 Rank: 169
Head Office: Dartmouth, N.S.
Five-year revenue growth (2009€“2014): 359%
Chief Executive(s): Don MacVicar
FTE Employees: 70

Mortgage broker

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Other fast-growing financial services companies on the 2015 PROFIT 500:

11. Atrium Mortgage Investment (PROFIT 500 Rank: 179), 12. Crelogix (PROFIT 500 Rank: 187), 13. Cambridge Global Payments (PROFIT 500 Rank: 197), 14. Groupe Premier Médical (PROFIT 500 Rank: 203), 15. Benson Kearley IFG (PROFIT 500 Rank: 215), 16. Value Partners Investments (PROFIT 500 Rank: 229), 17. Rifco National Auto Finance (PROFIT 500 Rank: 240), 18. Provisus Wealth Management (PROFIT 500 Rank: 258), 19. Dominion Lending Centres (PROFIT 500 Rank: 259), 20. People Corporation (PROFIT 500 Rank: 275), 21. Berkeley Payment Solutions (PROFIT 500 Rank: 295), 22. LGM Financial Services (PROFIT 500 Rank: 312), 23. TIO Networks (PROFIT 500 Rank: 352), 24. General Credit Services (PROFIT 500 Rank: 363), 25. Mica Services Financiers (PROFIT 500 Rank: 399), 26. LOGiQ3 (PROFIT 500 Rank: 460), 27. Forum Equity Partners Holdings (PROFIT 500 Rank: 462), 28. Partners in Credit (PROFIT 500 Rank: 499).

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Click here for the complete 2015 PROFIT 500 Ranking of Canada’s Fastest-Growing Companies »

Originally appeared on PROFITguide.com