Canada Drives

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Canada Drives
Private
IndustryFinTech
Founded2010
FounderCody Green
Headquarters,
Area served
Canada
Key people
  • Cody Green (Co-CEO)
  • Michael Galpin (Co-CEO)
  • Stephen Brown (CFO)
[1]
ServicesSecuring auto financing online
Number of employees
300
Websitewww.canadadrives.ca

Canada Drives is a Canadian fintech company founded in 2010 and based in Vancouver.

History[edit]

Cody Green founded Canada Drives in 2010. Co-CEO Michael Galpin joined the company in 2011.[2] In 2014 Canada Drives moved to Vancouver.[3]

As of September 2016, Canada Drives remained self-financed.[2] The company's Vancouver office had 200 employees as of 2016.[3] 94% of them were from Generation Y, born during the 1980s and early 1990s.[4]

As of July 2017 the company employed 300 people.[1]

Service[edit]

Canada Drives helps customers get car loans regardless of previous credit history by matching up dealers and consumers.[5]

The interface on the website prompts customers to answer a few questions about the car they want to buy, their recent employment and their payment histories. Customers are then referred to a dealership based on their credit profile.[2]

Car dealers must pass a screening to become certified dealer partners of Canada Drives. Currently, the company has around 300 such partners.[5]

Awards[edit]

In 2016, Canada Drives was number one on the PROFIT 500 list for 2016 and the title of Canada's Fastest-Growing Company for 2016.[2][6] It was 6th on Deloitte's list of Canada's 50 fastest-growing companies, with a revenue growth of 2703.6%.[7]

References[edit]

  1. ^ a b "Quick Facts". Canada Drives.
  2. ^ a b c d "Secrets of Canada's Fastest-Growing Company". Profit. September 15, 2016.
  3. ^ a b "Has Vancouver's booming tech sector turned us into Silicon Valley North?". CBC News. September 21, 2016.
  4. ^ "Vancouver fintech company Canada Drives tops Profit 500 rankings". Daily Hive. September 15, 2016.
  5. ^ a b "Canada Drives plans to double dealer partners in 2016". Auto Remarketing Canada. November 24, 2015.
  6. ^ "PROFIT 500: 2016". Profit. 2016.
  7. ^ "Deloitte releases its list of Canada's 50 fastest-growing companies". Betakit. November 16, 2016.

External links[edit]