TORONTO, ON, October 15, 2020 – HONK, North America’s leading provider of contactless payments for the parking industry, is pleased to announce that it ranked No. 7 out of 415 companies on the 32nd annual Growth List, the definitive ranking of Canada’s Fastest-Growing Companies. HONK earned its spot with a five-year revenue growth of 11,319%.

Founded in 2013, HONK provides contactless payment technology to municipalities, colleges & universities, real estate owners, airports and private parking operators. Trusted by millions of drivers, HONK is now available at over 3,000 locations across North America.

“We’re honoured to be listed as Canada’s 7th Fastest-Growing Company – this ranking is a direct result of the hard work, commitment and drive of our team,” says Michael Back, HONK Founder and CEO. “With consumers now expecting to see contactless payment options for everyday purchases, the demand for our touch-free parking payments is at an all time high. We’re extremely proud to be paving the way for faster and safer payments.”

“The companies on the 2020 Growth List are really exceptional. Their stories are a masterclass in how to survive when the economy throws a curveball. Despite turbulence, the 2020 Growth List companies showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Growth List Editor. “As we celebrate over 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that the heart of Canada’s entrepreneurial community beats strong, even in tough times.”

About The Growth List

For over 30 years, the Growth List ranking of Canada’s Fastest-Growing Companies (formerly the Growth 500) has been Canada’s most respected and influential ranking of entrepreneurial achievement. Originally developed by PROFIT and now published in a special Growth List print issue of Canadian Business (packaged with the December issue of Maclean’s magazine) and online at and, the Growth List ranks Canadian companies on five-year revenue growth, and the Startup List ranks Canadian new growth companies on two-year revenue growth. For more information on the ranking, visit

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving business publication in the country. It has fuelled the success of Canada’s business elite and, through the Growth List ranking, celebrates leadership, innovation, business strategy and management tactics. Learn more at