Photo: iStock Photo: iStock

Meeting the varying demands of customers, partners and regulators is no easy task, so the strong showing of the financial services industry on the 2016 PROFIT 500 ranking of Canada’s Fastest-Growing Companies—including the overall No. 1, Canada Drives—is quite an achievement.

The 31 financial services firms on this year’s ranking grew their revenues an average of 1,178% between 2010 and 2015, creating an additional 963 full-time equivalent (FTE) jobs over that period. Collectively they employed 3,350 full-time and 314 part-time employees in 2015.

Here is the complete list of Canada’s Fastest Growing Financial Services Companies for 2016.

1. Canada Drives

PROFIT 500: No. 1
Head Office: Vancouver, B.C.
Growth (2010–2015): 12,686%
Revenue (2015): $20–50 million
Employees (2015, full-time equivalent): 111

What it does: Facilitates auto financing for consumers through an online portal

2. IOU Financial

PROFIT 500: No. 8
Head Office: Montreal, Que.
Growth (2010–2015): 5,886%
Revenue (2015): $10–20 million
Employees (2015, full-time equivalent): 77

What it does: Offers online lending to small businesses

3. Eden Park

PROFIT 500: No. 17
Head Office: Toronto, Ont.
Growth (2010–2015): 3,964%
Revenue (2015): $5–10 million
Employees (2015, full-time equivalent): 50

What it does: Provides non-traditional consumer finance services to automotive dealers

4. Merchant Advance Capital

PROFIT 500: No. 23
Head Office: Vancouver, B.C.
Growth (2010–2015): 3,234%
Revenue (2015): $5–10 million
Employees (2015, full-time equivalent): 28

What it does: Provides financing to small businesses

5. Lynx Equity

PROFIT 500: No. 45
Head Office: Toronto, Ont.
Growth (2010–2015): 1,705%
Revenue (2015): $250–500 million
Employees (2015, full-time equivalent): 1181

What it does: Operates a private equity firm that acquires businesses from retiring owners

6. Lakes Leasing

PROFIT 500: No. 60
Head Office: Sudbury, Ont.
Growth (2010–2015): 1,249%
Revenue (2015): $10–20 million
Employees (2015, full-time equivalent): 17

What it does: Provides equipment financing and leasing to construction, forestry and transportation firms

7. Raintree Financial Solutions

PROFIT 500: No. 61
Head Office: Edmonton, Alta.
Growth (2010–2015): 1,233%
Revenue (2015): $10–20 million
Employees (2015, full-time equivalent): 20

What it does: Packages and sells private-market alternative investments

8. Zomaron Merchant Services

PROFIT 500: No. 109
Head Office: London, Ont.
Growth (2010–2015): 655%
Revenue (2015): $2–5 million
Employees (2015, full-time equivalent): 50

What it does: Provides electronic-payment-processing software and merchant services

9. Acorn Global Investments

PROFIT 500: No. 111
Head Office: Oakville, Ont.
Growth (2010–2015): 653%
Revenue (2015): $2–5 million
Employees (2015, full-time equivalent): 6

What it does: Manages investments, specializing in identifying early-stage opportunities in global futures markets

10. KV Capital

PROFIT 500: No. 127
Head Office: Edmonton, Alta.
Growth (2010–2015): 591%
Revenue (2015): $2–5 million
Employees (2015, full-time equivalent): 13

What it does: Offers short-term financing to businesses

• • • • •

The Next 10:

11. MarshallZehr Group

PROFIT 500: No. 141

What it does: Provides real estate developers with financing and capital management services

12. STI Technologies

PROFIT 500: No. 154

What it does: Operates a card-based pharmacy payment and reimbursement program

13. Financial Horizons Group

PROFIT 500: No. 169

What it does: Distributes financial and insurance products and services through a network of independent financial advisors

14. Cambridge Global Payments

PROFIT 500: No. 178

What it does: Offers foreign payment and risk-management services for businesses trading internationally

15. Benson Kearley IFG

PROFIT 500: No. 182

What it does: Provides insurance and financial services to individuals and businesses

16. Shenglin Financial Group

PROFIT 500: No. 209

What it does: Offers wealth and estate planning services to the Chinese-Canadian community

17. Groupe Premier Médical

PROFIT 500: No. 214

What it does: Offers group insurance benefits to companies in Quebec

18. Provisus Wealth Management

PROFIT 500: No. 246

What it does: Manages investment portfolios for high-net-worth clients

19. Forum Equity Partners

PROFIT 500: No. 255

What it does: Invests in real estate, public-private partnerships and renewable energy projects

20. LOGiQ3

PROFIT 500: No. 284

What it does: Provides life insurance and reinsurance consulting and outsourcing

• • • • •

Other fast-growing financial services companies on the 2016 PROFIT 500:

21. The Marquee Group (No. 287); 22. Coaching Financier Trek (No. 299); 23. Crelogix (No. 328); 24. LGM Financial Services (No. 336); 25. General Credit Services (No. 348); 26. Value Partners Investments (No. 353); 27. Trisura Guarantee Insurance Company (No. 368); 28. Rifco (No. 380); 29. TIO Networks (No. 382); 30. Mica Cabinets de Services Financiers (No. 424); 31. Berkeley Payment Solutions (No. 487).

Loading comments, please wait.