About Rates.ca
Rates.ca is a Financial Services company based in Toronto (Canada) founded in 2014, and was acquired by Kanetix in February 2015. Online insurance comparison platform for individuals. Rates.ca has raised $51 million across 2 funding rounds from investors including BMO, Ontario Teachers' Pension Plan and Kanetix. Rates.ca has completed 1 acquisition, including Lowest Rates. Its website rates.ca draws about 264 thousand monthly visits. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified. Its competitors include Foxquilt, Surex and InsurEye; 1 of its 3 listed competitors has raised funding.
Company details
Rates.ca provides an online insurance comparison platform for individuals. It offers quotes for auto insurance, travel insurance, life insurance, home insurance, health insurance, and more. It also offers an investment and bank account comparison platform.
Apps and channels of Rates.ca
its YouTube channel Ratesca has 289 subscribers.
Funding Insights of Rates.ca
Rates.ca has successfully raised a total of $51M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $51M
- Total Rounds 2
- First Round $51M
(Mar 2021)
- Investors Count 2
All 2 funding rounds of Rates.ca with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $51M | Series C | – | Ontario Teachers' Pension Plan | – |
| Mar 2021 | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in Rates.ca
Rates.ca has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include BMO, Ontario Teachers' Pension Plan and Kanetix.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pension funds focused on multiple sectors | 1990 | otpp.com | Toronto, Canada | |
BMO is recognized as a leading financial services provider in Canada. | 1817 | bmo.com | Toronto, Canada | |
IT support services are provided to the insurance industry. | 1999 | kanetixltd.ca | Toronto, Canada |
Investor details for Rates.ca
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Rates.ca
24 people are tracked at Rates.ca (14 in leadership, 10 in team).
| Name | Role | Group |
|---|---|---|
Adnan Choudhry | Director Of Innovation | Leadership |
Reygan Hale | Vp, People Operations | Leadership |
Kevin Kim | Director, Marketing | Leadership |
Tanisha Kishan | Vice President, Product | Leadership |
Igal Mayer | President & CEO | Leadership |
Steve Cohen | VP Insurance & Chief Underwriting Officer | Leadership |
Prashant Vatsa | Director - Software & Data Engineering | Leadership |
John Fleming | Head Of Technology Operations | Leadership |
Matthew Lutzko | VP Of Technology | Leadership |
Umair Suria | Chief Financial Officer | Leadership |
Yuliya Zhukovska | Director Of Finance / Controller | Leadership |
Justin Leung | Director Of Insurance Products | Leadership |
Sean Widdess | Vice President, Partnerships | Leadership |
Ahrun Thiyagarajah | Director/head Of Fp&a | Leadership |
Akshay Gupta | Sr. Scrum Master | Team |
Raymond Chow | Developer | Team |
Arun Ganesh | Developer | Team |
Daniel Ivans | Insurance Expert | Team |
Hannah Schwab | Account Manager (insurance & Mortgage) | Team |
Shweta Munshi | Product Manager | Team |
4 more people are available in the full profile.
Complete people profiles for Rates.ca
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Investments & Acquisitions by Rates.ca
Rates.ca has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lowest Rates.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Comparison platform for financial products | lowestrates.ca | Toronto, Canada | 2012 | Sep 2021 | •••• |
Complete acquisition details for Rates.ca
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- Exports
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Timeline of Rates.ca
4 dated milestones of Rates.ca across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Rates.ca is founded.
- Exit Acquired by Kanetix.
- Funding First funding round of $51.0M.
- Acquisition Acquires Lowest Rates.
Competitors of Rates.ca
Rates.ca has 3 listed competitors in our database, 1 of them funded. They include Foxquilt, Surex and InsurEye.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| foxquilt.com | 2016 | Toronto, Canada | $22.34M | Social groups are formed via platform for insurance premium savings. | ||
| surex.com | 2012 | Magrath, Canada | Comparison platform for diversified insurance | |||
| insureye.com | 2011 | Toronto, Canada | Functions as an insurance comparison and review platform. |
Detailed competitors of Rates.ca
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- Full competitor set
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Web traffic of Rates.ca
The website of Rates.ca (rates.ca) receives about 264.3K visits a month and ranks #137,518 among all websites worldwide, #8,586 in Insurance.
- Monthly visits264.3K
- Unique visitors154.3K
per month
- Global rank#137,518
among all websites
- Category rank#8,586
Finance · Insurance
- Bounce rate43%
- Pages per visit4.3
- Average visit2 min 25 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with Rates.ca. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lowestrates.ca | 100% | 159.8K | #188,452 | View details | |
| tdinsurance.com | 95% | 1.3M | #41,830 | View details | |
| cooperators.ca | 88% | 567.4K | #65,587 | View details | |
| ratehub.ca | 87% | 1.3M | #53,829 | View details | |
rbcinsurance.com | rbcinsurance.com | 86% | #83,587 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Rates.ca
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Related news about Rates.Ca
Complete news archive for Rates.ca
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Frequently Asked Questions about Rates.ca
Rates.ca was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Rates.ca is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Rates.ca is a funded company, having raised a total of $51M across 2 funding rounds to date. The company's 1st funding round was a Series C of $51M, raised on Mar 2021.
Rates.ca provides an online insurance comparison platform for individuals. It offers quotes for auto insurance, travel insurance, life insurance, home insurance, health insurance, and more. It also offers an investment and bank account comparison platform.
Rates.ca has made 1 acquisition, including Lowest Rates.
Rates.ca has 3 investors. Key investors include BMO, Ontario Teachers' Pension Plan, and Kanetix.
Yes. Rates.ca was acquired by Kanetix in February 2015.
The website of Rates.ca receives about 264 thousand visits a month and ranks #137,518 among all websites worldwide.