About Lowest Rates
Lowest Rates is a company based in Toronto (Canada) founded in 2012 by Cliff Ritter and Justin Thouin was acquired by Rates.ca in September 2021.. Lowest Rates offers products and services including Auto Insurance Comparison, Home Insurance Comparison, Mortgage Rate Comparison, and Credit Card Comparison. Lowest Rates operates in a competitive market with competitors including RateHub, Hardbacon, MIG Insurance, Link2Lenders and Generations Insurance, among others.
- Headquarter Toronto, Canada
- Founders Cliff Ritter, Justin Thouin
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Lowest Rates
Lowest Rates offers a comprehensive portfolio of products and services, including Auto Insurance Comparison, Home Insurance Comparison, Mortgage Rate Comparison, and Credit Card Comparison. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to compare rates for auto insurance from multiple providers
Platform for comparing home insurance quotes and saving money
Tool to view and compare mortgage rates from Canadian lenders
Feature to evaluate credit card offers based on rewards and fees
Funding Insights of Lowest Rates
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Lowest Rates
Lowest Rates has secured backing from 1 investor. Prominent investors backing the company include Rates.ca. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online insurance comparison platform for individuals
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Lowest Rates
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lowest Rates
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lowest Rates Comparisons
Competitors of Lowest Rates
Lowest Rates operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RateHub, Hardbacon, MIG Insurance, Link2Lenders and Generations Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mortgages and financial products are compared via RateHub platform.
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| domain | founded_year | HQ Location |
Financial products are compared through a mobile app for individuals.
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| domain | founded_year | HQ Location |
Insurance platform for home, auto, and business insurance
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| domain | founded_year | HQ Location |
Online comparison platform for consumer loans
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| domain | founded_year | HQ Location |
Online comparisons for personal and business insurances are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lowest Rates
When was Lowest Rates founded?
Lowest Rates was founded in 2012.
Where is Lowest Rates located?
Lowest Rates is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Lowest Rates?
Justin Thouin is the current CEO of Lowest Rates. They have also founded this company.
What does Lowest Rates do?
Lowest Rates was established in 2012 in Toronto, Canada, as a comparison platform within the financial services sector. Personal finance options, including insurance policies, mortgages, credit cards, and related products, are evaluated by users through the service. Operations are centered on facilitating informed decisions via the domain lowestrates.ca, with leadership provided by co-founders Cliff Ritter and Justin Thouin.
Who are the top competitors of Lowest Rates?
Lowest Rates's top competitors include RateHub, Hardbacon and MIG Insurance.
What products or services does Lowest Rates offer?
Lowest Rates offers Auto Insurance Comparison, Home Insurance Comparison, Mortgage Rate Comparison, and Credit Card Comparison.
Who are Lowest Rates's investors?
Lowest Rates has 1 investor. Key investors include Rates.ca.