TORONTO, ON, September 26, 2025 – HONK, North America’s leading provider of contactless payments for parking and mobility, has been ranked #112 on The Globe and Mail’s 2025 Report on Business list of Canada’s Top Growing Companies. HONK placed in the top 400 companies nationwide, recognized for its 315% three-year revenue growth.
“Being named to Canada’s Top Growing Companies list for the sixth year is a real testament to the market’s embrace of HONK technology,” said Michael Back, HONK Founder and CEO. “From day one, our mission has been simple: make parking easier — for the operators running it and the people using it. This recognition shows we’re delivering on that promise year after year, and it wouldn’t be possible without the incredible team making it all happen.”
Founded in 2013, HONK partners with municipalities, universities, real estate owners, and private parking operators across North America to power seamless, scalable, and future-ready parking experiences.
This sixth year of recognition highlights the sustained demand for HONK’s technology. As operators look to streamline operations and reduce reliance on costly hardware, and as drivers increasingly adopt digital payments, HONK continues to lead the industry’s transition to software-based solutions.
Canada’s Top Growing Companies is an editorial ranking launched in 2019 to celebrate the achievements of Canada’s most innovative businesses. To qualify, companies complete an in-depth application process and meet specific revenue-growth requirements. In total, 400 companies earned a place on this year’s list.
“Our annual ranking of Canada’s Top Growing Companies reflects the sector-spanning ingenuity of this country’s entrepreneurs and corporate leaders,” said Dawn Calleja, Editor of Report on Business magazine. “And we think it’s important to tell their stories, to help inspire the next generation of up-and-comers across the country.”
The full list of 2025 winners is published online here.
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and driving policy change through independent journalism since 1844. With award-winning coverage of business, politics, and national affairs, The Globe and Mail reaches 6.1 million readers every week across print and digital platforms, and Report on Business magazine reaches 2.7 million readers each issue.
