Hot Off The Press

Posting 3-Year Revenue Growth of 2,612%, Honk Places No. 18 on The Globe and Mail’s Ranking of Canada’s Top Growing Companies

TORONTO, ON, September 27th, 2019 – HonkMobile (Honk), North America’s leading provider of mobile payments for the parking industry is pleased to announce it has ranked No. 18 out of 400 on the inaugural Report on Business ranking of Canada’s Top Growing Companies.

Approaching its 6th year in business, Honk has become a staple for drivers across Canada and the US when it comes to paying for parking. Users rely on the app on a daily basis to search, find and pay for parking from their phones – leaving the traditional parking meter in the dust. Old school meters experience vandalism, extended periods of downtime and long lines of (disgruntled) drivers waiting to pay. Drivers and operators experience far less hassle with Honk.

No phone? No data plan? Think apps are so 2018? No problem! Honk has created additional solutions for that app-free life as well. Last year, Honk introduced HonkKIO; a low-cost, indoor payment kiosk perfect for visitors and transient parkers. Giving drivers the same Honk experience at a central location. And, earlier this year, Honk unveiled the world’s first virtual parking meter (patent pending HonkTAP) – using NFC technology, it allows drivers to simply tap their phone to pay for parking. A quick tap of any smartphone leads drivers to a guest checkout page where they input a license plate and select the amount of parking time desired. HonkTAP delivers all the functionality of an app with nothing to download, and has all the usability of a parking meter with none of the capital expense.

“Honk is honoured to be on The Globe & Mail’s ranking of Canada’s Top Growing Companies at number 18 – Canada’s tech community is one of the best in the world - we’re truly in great company on this list,” said Michael Back, Honk Founder and CEO. “Our expansion into the US, as well as adding to our product offering by incorporating NFC technology and going app-free are no doubt large contributors to this trajectory. We look forward to the future and building on this record-growth!”

“We created the Canada’s Top Growing Companies program because we believe there is much Report on Business readers can learn from the successes of the country’s best entrepreneurs,” said Derek DeCloet, Editor of Report on Business and Executive at The Globe and Mail. “We’re excited to be telling their stories.”

“The 400 companies on the inaugural Report on Business ranking of Canada’s Top Growing Companies demonstrates ambition, innovation and tremendous business acumen,” said Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their contributions to the economy help to make Canada a better place, and warrant commendation.”

About HonkMobile

Honk is North America’s leading provider of both on-demand mobile payments and advance reservations for parking. Honk has been creating solutions to avoid and eliminate the traditional parking meter for years. First, with their innovative app, then HonkKIO - a low-cost payment kiosk aligned with the app, and now HonkTAP rounds out their family of products to serve the needs of all drivers, parking operators and real estate owners whenever and however they require.

Honk is already accepted at over 2,000 locations representing 250,000 parking spaces across Canada and the United States. With the touch of a button, motorists can pay for parking anywhere Honk is accepted across North America.

About The Globe and Mail

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, political and national affairs, The Globe and Mail newspaper reaches 6.6 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thompson family.

- 30 -


For information, interview and images, please contact:


Rachel Lemkow
Director, Marketing
rachel@honkmobile.com
416.574.5832
end