PROFIT 500

#168 Years on PROFIT 200: 2

TIO Networks Corp.

Specialized bill-payment services

Inside track

Niche: low- to moderate-income people without bank accounts who pay their bills through its kiosks and other channels; 95% of its customers live in the U.S.

Company Profile

Founded: 1997 Chief Executive(s): Hamed Shahbazi Stock Ticker: TSXV: TNC
Website: www.tionetworks.com Head Office: Vancouver  

Company Financials

Growth 2006-11 (%): 258 Revenue 2011: 36,565,105 Revenue 2006: 10,200,307
Profit Margin 2011: Loss Employees 2011: 59 Employees 2006: 50
Exports as % of Sales: 98 Reporting $: CAD