Honk Named One of Canada’s Top New Growth Companies

Honk, the Innovative App Transforming Parking in North America, Ranks 6th on the 2017 STARTUP 50 Ranking of Canada’s Top New Growth Companies

Toronto, Ontario, CANADA

TORONTO, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Canadian Business and PROFIT today ranked HonkMobile, North America’s fastest and most convenient way to find and pay for parking, No. 6 on the 2017 STARTUP 50 ranking of Canada’s Top New Growth Companies. The STARTUP 50 ranks younger Canadian companies on two-year revenue growth and winners are profiled in the October issue of Maclean’s magazine and online at CanadianBusiness.com.

Honk made the 2017 STARTUP 50 list with a two-year revenue growth of 1,431%. Honk is a leader in digitizing the parking experience with user growth exceeding 2,000% over the past two years.

The Honk app allows motorists to seamlessly search, pay for, and top up parking directly from their smartphone, tablet or computer. Honk has eliminated the frustration of circling the block by allowing drivers to reserve a parking spot before they leave the front door. Users receive a 15-minute text notification before their parking is set to expire and the app allows them to buy additional time remotely, removing the hassle of running back to add more time at the meter.

This award recognizes Honk’s significant achievements in transforming parking across North America since its launch in 2013. Driven by consumer demand, Honk has launched in cities across North America, expanded its parking inventory to include a majority stake of Canada’s postsecondary institutions, and partnered with municipalities and private parking operators to provide safe, affordable and convenient parking. Honk’s customer-centric vision has made feeding the meter a thing of the past – offering several different payment options including all major credit cards, Apple Pay, PayPal and Masterpass.

“This year’s STARTUP 50 winners are truly remarkable. Not only have they brought new offerings to market, they’ve earned enough traction to grow their revenues exponentially in a short period of time,” says Deborah Aarts, STARTUP 50 and PROFIT 500 program manager. “Any aspiring entrepreneur should look to them for insight into how to create, and grow, a thriving startup today.”

“The 2017 STARTUP 50 ranking is a testament to the great customer service we’ve been offering parkers and parking operators over the past 4 years,” said Honk Founder and CEO Michael Back. “We are honoured to be ranked amongst Canada’s Top New Growth Companies - a recognition of our leadership and innovation in the industry. We remain steadfast in our commitment to continuously modernize the parking experience and find new ways to offer drivers an affordable, convenient and worry-free parking.”

About the STARTUP 50 and PROFIT 500
Ranking Canada’s Top New Growth Companies by two-year revenue growth, the STARTUP 50 profiles the fastest-growing startups in the country. It is a companion list to the PROFIT 500 ranking of Canada’s Fastest-Growing Companies, which has, for 29 years, been Canada’s most respectable and influential ranking of entrepreneurial achievement. Both the STARTUP 50 and PROFIT 500 are published in Maclean’s magazine and at CanadianBusiness.com. For more information on ranking visit PROFIT500.com or CanadianBusiness.com

About Canadian Business
Founded in 1928, Canadian Business is the longest serving and most-trusted business publication in the country. It is the Country’s premier media brand executives and senior business leaders. It fuels the success of Canada’s business elite with a focus a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com

About HonkMobile
Honk is North America’s leading provider of on-demand mobile payments for parking. Honk’s innovative cloud-based technology streamlines parking by allowing users to search, pay for, and top up parking from their mobile phone, tablet or any internet connected device.

Honk is already accepted at over 800 locations and 150,000 parking spaces across Canada and the United States. Using a single account, motorists can pay for parking anywhere Honk is accepted across North America.

The HonkMobile app can be downloaded for free on both iOS and Android at www.honkmobile.com or via the App Store or Google Play.

For information, interview and images, please contact:

Mia Brown
Director, Marketing