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Canada Drives Ltd. Named One of Canada's Enterprise Fast 15 in Deloitte's Technology Fast 50™ Awards
[November 07, 2019]

Canada Drives Ltd. Named One of Canada's Enterprise Fast 15 in Deloitte's Technology Fast 50™ Awards


Canada Drives ranks 9th on the 2019 Enterprise Fast 15 award program and 321st on the 2019 North American Technology (News - Alert) Fast 500 list.

Today's announcement marks the fourth consecutive year that the fintech enterprise has been recognized as one of Canada's fastest-growing companies.

Canada Drives is revolutionizing how Canadians purchase vehicles through its incredibly convenient, customer-friendly online car buying service. Its founder and Co-CEO Cody Green credits the company's success with solving a real problem Canadian consumers were experiencing with accessing financial services online.

Green said, "It's an honour for Canada Drives to be named an inaugural winner of Deloitte's (News - Alert) Enterprise Fast 15 and for the fourth year in a row to the North American Fast 500 list. This recognition is a testament to our teams' ability to continue delivering on our promise to help Canadians-facing all types of financial circumstances-gain access to financing from the comfort of their own homes."

These awards are the latest accolades following a string of consecutive wins for Canada Drives. Since 2016, the fintech company has been named four times on the Deloitte Technology Fast 50™ and Deloitte North American Technology Fast 500™ ranking. Earlier this year, Co-CEO Cody Green accepted the prestigiou Deloitte Best Managed Company award.



Of the 500 awardees in the Technology Fast 500 rankings, 68% are in the software industry. Therefore, it comes as no surprise that many of them hail from Silicon Valley. And showcasing why the moniker of Silicon Valley of the North is well deserved, British Columbia-with its growing tech sector-is represented by 16 companies on the list, including Canada Drives.

The Enterprise Fast 15 category ranks the fastest-growing enterprise-level technology, media, and telecommunications companies that have dominated their respective sectors over the previous four years. The award is open to companies that recorded a minimum revenue of $10 million in 2015 and a minimum revenue of $25 million in 2018. Canada Drives grew 316% during this 4-year period, helping the fintech company reach 9th position in the Enterprise Fast 15 ranking.


About the Deloitte Technology Fast 50™ - 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, Enterprise Fast 15 category (recognizes fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation), and Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate). Program sponsors include Deloitte, Bank of Montreal, CBRE, First West Capital, Miller Thomson (News - Alert), OMERS Ventures, 3C and Lafond. For further information, visit www.fast50.ca.

About Deloitte's 2019 Technology Fast 500™
Now in its 25th year, Deloitte's Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, and energy tech companies-both public and private-in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least USD 50,000, and current-year operating revenues of at least USD 5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Canada Drives

Canada Drives is a financial technology business leader with over 500 employees who serve over a million consumers a year in Canada, the US and the UK. Founded in 2010, Canada Drives combines pioneering technology and superior customer service to provide a range of curated auto loan, personal loan, and credit solutions to a wide spectrum of consumers through a simple and frictionless platform.


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