Talk:Canada Drives
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Canada Drives is a Canadian fintech company founded in 2010 and based in Vancouver. 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] As of July 2019 the company employed 450 people.[5] Canada Drives helps customers get car loans regardless of previous credit history by matching up dealers and consumers.[6] 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] As of July 2019 the company has processed over 1 million applications.[7] Car dealers must pass a screening to become certified dealer partners of Canada Drives. Currently, the company has around 350 such partners.[6] 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][8] It was 6th on Deloitte's list of Canada's 50 fastest-growing companies, with a revenue growth of 2703.6%.[9] Canada Drives has been named multiple times on the Growth 500 list of Canada's Fastest-Growing Companies [10], and has been a Deloitte Technology Fast 50 winner[11], as well as a Deloitte Technology Fast 500 winner [12] In 2019, Deloitte recognized Canada Drives as one of the country’s Best Managed Companies. [13] References
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Kmac951 (talk) 00:03, 2 October 2019 (UTC)
Reply 02-OCT-2019 edit
Edit request partially implemented
The company's employee count was changed.- Parts of the request which were phrased to refer to an unchanged status of the company without first describing the context of the non-change were revised and added (i.e., describing the company as self-financed, instead of "remaining self-financed").
- Parts of the proposed text which gave instructions on how the company's customers were to use their "interface on the website" were not added; instead, a general description of this process was given.
Parts of the proposed text containing irrelevant statistics of company employees (e.g., "94% were from Generation Y") were not added.- The award section was omitted, as none of the awards described were linked to articles in Wikipedia describing the awards (i.e., linking Profit magazine but not "Profit 500", and linking Deloitte but not Deloitte's "list of Canada's 50 fastest-growing companies", etc.)
Regards, Spintendo 13:57, 2 October 2019 (UTC)
Edit request edit
 | This edit request by an editor with a conflict of interest has now been answered. |
Add Awards Section - Registering My Conflict of Interest: Canada Drives
Information to be added: please add one sentence to History section. Please add new Awards section under Service section
Kmac951 (talk) 06:47, 11 November 2019 (UTC)
- Awards
From 2016 to 2019, Canada Drives has been a recipient of the Deloitte Technology Fast 500 award. The program recognizes the fastest-growing companies in North America.[1][2][3][4][5]
- History
Cody Green founded Canada Drives in 2010. Co-CEO Michael Galpin joined the company in 2011.[6] From 2010 to 2014, the company had less than ten employees.[7]Kmac951 (talk) 04:52, 11 November 2019 (UTC) In 2014, Canada Drives moved to Vancouver.[8]
As of September 2016, Canada Drives is self-financed.[6]
As of July 2019 the company employed 450 people.[9] Kmac951 (talk) 04:03, 11 November 2019 (UTC)
References
- ^ "Deloitte Technology Fast 500". Wikipedia.
- ^ "2016 Deloitte Technology Fast 500 ranking" (PDF). deloitte.
- ^ "2017 Deloitte Technology Fast 500 ranking" (PDF). deloitte.
- ^ "2018 Deloitte Technology Fast 500 ranking" (PDF). deloitte.
- ^ "2019 Deloitte Technology Fast 500 ranking" (PDF). deloitte.
- ^ a b "Secrets of Canada's Fastest-Growing Company". Profit. September 15, 2016.
- ^ "Canada Drives: Canada's Best Managed Companies 2019". Canadian Business/.
- ^ "Has Vancouver's booming tech sector turned us into Silicon Valley North?". CBC.ca/.
- ^ "2019 – 71 – Canada Drives". Canadian Business.com/.
Reply 11-NOV-2019 edit
Edit request implemented
- The Deloitte claims were added to the article.
Regards, Spintendo 16:14, 11 November 2019 (UTC)
Some proposed changes (COI) edit
| | This edit request by an editor with a conflict of interest has now been answered. |
2 edits requested:
Information to be added: In 2016, Canada Drives earned the top spot on the Canadian Business Profit 500 list with 5-year revenue growth of 12,686% and was named Canada’s Fastest-Growing Company.
References supporting change: https://www.canadianbusiness.com/lists-and-rankings/profit-500/2016-canada-drives-2/
References supporting change: https://dailyhive.com/vancouver/canada-drives-profit-500-rankings
Information to be removed: As of September 2016, Canada Drives is self-financed
Information to replace this: As of January 2020, Canada Drives is privately owned.
References supporting change: https://www.theglobeandmail.com/business/technology/article-private-is-the-new-public-the-problem-with-tech-stars-chasing-private/
Explanation of issues: This page is extremely sparse. I'm hoping to updated it and add some more information to make this page a robust source of information for curious readers. This is the first of several edits that I have in mind. Please note: I have a conflict of interest. I am employed by Canada Drives. Thanks so much for your help. Kmac951 (talk) 00:28, 21 April 2020 (UTC)
Reply 02-MAY-2020 edit
Clarification requested
- Please provide the Wikilinks for the described laudits. For example, please provide the Wiki-article for the Canadian Business Profit 500 list.
- It is not clear what the difference is between "self-financed" and "privately owned". Please elaborate.
Regards, Spintendo 16:37, 2 May 2020 (UTC)
Reply 21-MAY-2020 edit
Clarification provided
1. Please provide the Wikilinks for the described laudits. For example, please provide the Wiki-article for the Canadian Business Profit 500 list.
- It does not exist, unfortunately. Perhaps we could add this instead:
In 2016, Green was a recipient of the Ernst & Young Entrepreneur of the Year Award. [1]
2. It is not clear what the difference is between "self-financed" and "privately owned". Please elaborate.
- No need to change that sentence but there's a very interesting Globe & Mail article link that I was hoping to add here for interested readers. Maybe we could follow up on the existing sentence with:
The fintech company was identified as a company growing fast enough for an IPO but opted to stay private due to low-interest private equity funds.