SmartHippo was named one of the top 20 Web 2.0 Companies in Canada in the current issue of Backbone Magazine. The Web 2.0 Awards were an initiative of KPMG and Backbone Magazine.

Here’s what the judges had to say about SmartHippo:

This is a community-created site that compares rates on U.S. mortgages and other financial services.

Forde and others pointed out that “this is a Canadian company that doesn’t offer a service Canadians can use” but the judges still found the basic idea to be solid. O’Connor Clarke pointed out that, in helping others save money, the founders might make some for themselves: “I think they’ll have a really nice exit, getting bought by someone smart and deep-pocketed.”

You can find out more by reading the press release or the full article in Backbone Magazine.

Thank you to all the members of the SmartHippo community without whom winning this award would not have been possible. We’ve been continually making improvements over the past several months, so if you haven’t stopped by in a while, try our compare mortgage rates engine and let us know what you think.