Cambridge Mercantile Group

Cambridge Mercantile Group


June 06, 2013 11:00 ET

Cambridge Mercantile Group Makes PROFIT 500 List

- Cambridge named one of Canada's Fastest-Growing Companies -

TORONTO, ONTARIO--(Marketwired - June 6, 2013) - Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, has made the list of the 25th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the summer issue of PROFIT Magazine and online at, the PROFIT 500 ranks Canadian businesses by their revenue growth over a five year period.

Within the last five years, Cambridge reported revenue growth of 177%. This achievement is due in part to the company's aggressive strategy focused on securing top talent in foreign exchange and payments, making major investments in new high-tech solutions and implementing a more sophisticated, consultative approach to their services.

Cambridge also credits its growth to several key acquisitions and strategic alliances including the acquisitions of E4X - a cutting-edge, online multi-currency processing firm, and Global Exchange Group - a payments provider well immersed in the legal industry, in addition to alliances with peerTransfer - an international tuition payments service and electronic payment enablement provider, Vendorin.

"We are honoured to be part of Canada's growing force of entrepreneurs," said Bernard Heitner, chief executive officer and co-founder of Cambridge Mercantile Group. "This company continues to evolve thanks to the tremendous hard work and ingenuity of our dedicated team. We are proud of the exponential rate of growth we have realized within this short period of time."

"To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies," said Ian Portsmouth, Editor-in-Chief of PROFIT magazine. "PROFIT is proud to now showcase Canada's forward-thinking small business entrepreneurs and honour their talents and innovations."

About Cambridge Mercantile Group

Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion dollars annually. For more information, visit

About PROFIT Magazine and

PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at

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