RIFCO recognized for rapid growth

A Red Deer-based company that provides automotive purchase loans across much of Canada has been recognized for its rapid growth. Rifco Inc. (TSXV: RFC) is on Profit magazine’s 2012 list of the fastest-growing companies in Canada. It’s ranked 139th on the Profit 200 list. The list was compiled on the basis of five-year revenue growth.

A Red Deer-based company that provides automotive purchase loans across much of Canada has been recognized for its rapid growth. Rifco Inc. (TSXV: RFC) is on Profit magazine’s 2012 list of the fastest-growing companies in Canada. It’s ranked 139th on the Profit 200 list. The list was compiled on the basis of five-year revenue growth. Rifco, which posted revenue of $16.6 million last year, had revenue growth of 328 per cent over that period. “RIFCO’s success can be largely attributed to our culture of dealer partnerships and exceptional service,” said company president and CEO Bill Graham in a release. “Our strategy remains to de-commoditize our auto lending niche.” Rifco was 71st on the 2010 Profit 100 list and 41st in 2009. The 2012 Profit 200 list can be found in the summer issue of Profit magazine, and online at profitguide.com. Rifco operates through its subsidiary Rifco National Auto Finance Corp. It provides financing on new and used vehicles through a dealer network.

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