Neo Financial takes first spot on the Fast 50 list with exceptional three-year growth of 154,022 per cent
TORONTO , Nov. 6, 2024 /CNW/ – Deloitte Canada is pleased to announce the winners of its Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch awards . Now in its 27th year, the Technology Fast 50™ program recognizes the world-class achievements of Canada’s leading technology companies—highlighting their commitment to innovation, strong leadership, and rapid revenue growth. This year, the average three-year growth of the Technology Fast 50 winners is 3,559 per cent.
“The winners of this year’s program exemplify the strength and resilience of Canada’s business landscape, showcasing their ability to navigate challenges and drive exceptional growth amid economic uncertainties and technological disruptions,” says Anders McKenzie , partner, and national leader for the Technology Fast 50 program at Deloitte Canada. “These remarkable companies have positioned themselves as growth leaders in their respective sectors, paving the way as catalysts and setting new benchmarks for success. We are proud to celebrate their achievements and recognize them as the driving force behind the country’s technological advancement and economic prosperity.”
According to Deloitte’s annual survey of Technology Fast 50 program executive leaders, the top ranked challenge facing Canada’s fastest-growing technology companies is attracting and retaining a qualified workforce, followed closely by developing new products and services and expanding globally.
Furthermore, with over 97 per cent of technology companies planning on investing in IT in the next year, the survey shows that generative AI has gained momentum in only a year. While 67 per cent of respondents indicated that the technology is a generational innovation comparable to the internet, more than four in ten (44%) said they are already deploying it in their own businesses, compared to 24 per cent of the companies surveyed in 2023.
2024 winners: Fintech, travel, smart ventilation solutions, and clean mobility lead the way
At the top of this year’s Technology Fast 50 list, with a three-year growth of 154,022 per cent, is Neo Financial , leaping from the number one spot in the Companies-to-Watch category last year. Headquartered in Calgary , the company is building a smarter financial experience for all Canadians using the latest technology. Specializing in savings and credit products, Neo Financial is on a journey to reshape the financial future for millions of people in Canada .
Hopper , an accredited travel agency from Montreal that partners with airlines, hotels, homes, and car rental providers across the globe, earns the top ranking in the Enterprise—Industry Leaders category. With a three-year growth of 1,207 per cent, the company has ranked as #1 travel app in over 70 countries, aspiring to be the world’s best — and most fun — place to book travel.
With a three-year growth of 6,610 per cent, Oxygen8 Solutions Inc . takes the first spot of the Clean Technology category. The Vancouver -based company develops smart ventilation solutions that provide fresh, filtered outside air to building occupants with minimal carbon emissions, creating comfortable, healthy, and energy-efficient indoor environments.
In the Companies-to-Watch category, Inmotive has the highest revenue growth at 8,829 per cent. Headquartered in North York , the company is the inventor of Ingear, an ultra-efficient multi-speed powertrain technology that accelerates clean mobility adoption by making electric vehicles more affordable, playing an important role in mitigating climate change.
90 Canadian companies earn a spot on the Technology Fast 500™ ranking this year
The Technology Fast 50 awards program runs alongside the broader North American Technology Fast 500, with winners automatically eligible for this elite ranking. This year, 90 Canadian companies made that list. The complete list of Technology Fast 500 winners will be released on November 21 and you can view them here once available.
For more information on the Technology Fast 50 , Enterprise—Industry Leaders , Clean Technology , and Companies-to-Watch categories, please visit: www.fast50.ca .
TECHNOLOGY FAST 50
#
Growth (%)
Company name
City
Region
1
154022 %
Neo Financial
Calgary
Alberta
2
16169 %
PurposeMed
Calgary
Alberta
3
13290 %
TealBook
Toronto
Ontario
4
12854 %
UniUni
Richmond
BC
5
9578 %
Relay
Toronto
ON
6
8461 %
BoomerangFX
Mississauga
ON
7
4306 %
Nevvon
North York
ON
8
3022 %
Aquanow
Vancouver
BC
9
2443 %
Hydreight Technologies Inc (TSXV: NURS)
Vancouver
BC
10
2360 %
nesto
Montreal
QC
11
2015 %
BioRender
Toronto
ON
12
1980 %
Stay22
Montreal
QC
13
1748 %
DealMaker
Toronto
ON
14
1451 %
ZayZoon
Calgary
AB
15
1444 %
Noibu
Ottawa
ON
16
1276 %
RideCo
Waterloo
ON
17
1160 %
Telna
Toronto
ON
18
1128 %
Fellow
Ottawa
ON
19
1115 %
Smile Digital Health
Toronto
ON
20
1063 %
Showpass
Calgary
AB
21
1033 %
PixMob
Montreal
QC
22
981 %
Operto
Vancouver
BC
23
929 %
headversity
Calgary
AB
24
890 %
DOZR
Kitchener
ON
25
880 %
KOHO
Vancouver
BC
26
870 %
ShopThing
Toronto
ON
27
858 %
Conquest Planning
Winnipeg
MB
28
770 %
PocketHealth Inc.
Toronto
ON
29
743 %
BenchSci
Toronto
ON
30
730 %
BossPac Technologies
Calgary
AB
31
686 %
Site 2020
Dartmouth
NS
32
671 %
Irwin
Toronto
ON
33
662 %
Certn
Victoria
BC
34
622 %
Humi
Toronto
ON
35
595 %
Zensurance
Toronto
ON
36
588 %
Staffy Health
Toronto
ON
37
548 %
Forma.ai
Toronto
ON
38
535 %
Knowledgehook
Toronto
ON
39
516 %
Plooto
Toronto
ON
40
490 %
Potloc
Montreal
QC
41
484 %
Trolley
Westmount
QC
42
475 %
Traction Rec
Vancouver
BC
43
467 %
LumiQ
Toronto
ON
44
456 %
Loans Canada
Toronto
ON
45
445 %
Knak
Nepean
ON
46
431 %
WeyMedia
Dieppe
NB
47
423 %
MEDFAR Clinical Solutions
Montreal
QC
48
414 %
MindBridge Analytics
Ottawa
ON
49
411 %
Lü
Quebec
QC
50
406 %
Klue
Vancouver
BC
ENTERPRISE—INDUSTRY LEADERS
#
Growth (%)
Company name
City
Region
1
1207 %
Hopper
Montreal
QC
2
823 %
GoBolt
Toronto
ON
3
814 %
Clutch
Etobicoke
ON
4
799 %
ApplyBoard
Kitchener
ON
5
502 %
Lightspeed (TSX: LSPD)
Montreal
QC
6
445 %
Mistplay
Montreal
QC
7
377 %
StackAdapt
Toronto
ON
8
365 %
League
Toronto
ON
9
348 %
Miovision
Kitchener
ON
10
334 %
eStruxture Data Centers
Montreal
QC
11
333 %
Propel (TSX: PRL)
Toronto
ON
12
329 %
LiveBarn
Montreal
QC
13
320 %
Jane App
North Vancouver
BC
14
307 %
Jobber
Edmonton
AB
15
267 %
Petal
Quebec City
QC
CLEAN TECHNOLOGY
#
Growth (%)
Company name
City
Region
1
6610 %
Oxygen8 Solutions Inc.
Vancouver
BC
2
3436 %
GHGSat
Montreal
QC
3
2154 %
SWTCH
Toronto
ON
4
1002 %
Ground Effects Environment Services Incorporated
RM of Sherwood
SK
5
967 %
CarboNet
Vancouver
BC
6
645 %
Validere Technologies
Toronto
ON
7
637 %
Food Cycle Science
Ottawa
ON
8
555 %
MineSense Technologies Ltd.
Vancouver
BC
9
352 %
Corinex
Vancouver
BC
10
224 %
Electrovaya (TSX:ELVA)
Mississauga
ON
11
217 %
Envo Drive Systems Inc.
Burnaby
BC
12
207 %
UgoWork
Quebec
QC
13
201 %
Stromcore Energy Inc.
Mississauga
ON
14
156 %
OneSoft Solutions Inc.
Edmonton
AB
15
137 %
Mysa
St.John’s
NL
COMPANIES-TO-WATCH
#
Growth (%)
Company name
City
Region
1
8829 %
Inmotive
North York
ON
2
4649 %
BrainBox AI
Montreal
QC
3
4048 %
CapIntel
Toronto
ON
4
3836 %
Qube Technologies
Calgary
AB
5
3687 %
PostGrid
Toronto
ON
6
3257 %
veritree
Vancouver
BC
7
3126 %
Float
Toronto
ON
8
2738 %
Avricore Health (TSX-V:AVCR)
Vancouver
BC
9
1791 %
Novisto
Montreal
QC
10
1283 %
Tailscale
Toronto
ON
11
1115 %
InnerSpace
Newmarket
ON
12
757 %
TryCycle Data Systems
Ottawa
ON
13
562 %
Vetster
Toronto
ON
14
542 %
Kahi
Ottawa
ON
15
540 %
MinuteBox
Thornhill
ON
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler , EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca .
About Deloitte Canada
At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future.
Deloitte provides industry-leading consulting, tax and legal, financial advisory, audit and assurance, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. We bring together world-class capabilities, insights, and services to address clients’ most complex business challenges.
Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
To learn more about Deloitte Canada, please connect with us on LinkedIn , X , Instagram , or Facebook .
SOURCE Deloitte Canada
