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IOU Financial Inc. (V:IOU)

Business Focus: Consumer Lending (NEC)

Dec 01, 2021 07:30 am ET
IOU Financial Announces The Repurchase Of Approximately $0.3 Million Of Convertible Debentures
Successful migration to marketplace strategy enables further reduction of corporate debt, bringing year-to-date total convertible debentures repurchased to $3.5 million.
Dec 01, 2021 07:30 am ET
IOU Financial Announces The Repurchase Of Approximately $0.3 Million Of Convertible Debentures
Successful migration to marketplace strategy enables further reduction of corporate debt, bringing year-to-date total convertible debentures repurchased to $3.5 million.
Nov 18, 2021 05:00 pm ET
IOU Financial Inc. Reports Third Quarter 2021 Financial Results and Breaks All-Time Record in Quarterly Loan Originations
Company highlights strong quarter-to-quarter growth in loan originations, shares progress on Post-Pandemic Growth Plan and continues migration to marketplace strategy.
Nov 18, 2021 05:00 pm ET
IOU Financial Inc. Reports Third Quarter 2021 Financial Results and Breaks All-Time Record in Quarterly Loan Originations
Company highlights strong quarter-to-quarter growth in loan originations, shares progress on Post-Pandemic Growth Plan and continues migration to marketplace strategy.
Nov 04, 2021 04:00 pm ET
IOU Financial Announces the Repurchase of Approximately $0.9 Million of Convertible Debentures
Company continues to leverage strong cash position to reduce debt, bringing year-to-date total to $3.2 million of convertible debentures repurchased.
Nov 04, 2021 04:00 pm ET
IOU Financial Announces the Repurchase of Approximately $0.9 Million of Convertible Debentures
Company continues to leverage strong cash position to reduce debt, bringing year-to-date total to $3.2 million of convertible debentures repurchased.
Nov 02, 2021 05:33 pm ET
IOU Financial Inc Surpasses US$1 Billion in Loan Originations and Establishes All-time Record in Quarterly Loan Originations
Company celebrates major milestone in its 12-year history of funding small business growth in North America
Nov 02, 2021 05:33 pm ET
IOU Financial Inc Surpasses US$1 Billion in Loan Originations and Establishes All-time Record in Quarterly Loan Originations
Company celebrates major milestone in its 12-year history of funding small business growth in North America
Sep 03, 2021 05:00 pm ET
IOU Financial Announces the Repurchase of Approximately $0.4 Million of Convertible Debentures
IOU intends to repurchase an additional $2 million of convertible debentures, increasing the total announced and intended repurchases up to $4.3 million in 2021.
Sep 03, 2021 05:00 pm ET
IOU Financial Announces the Repurchase of Approximately $0.4 Million of Convertible Debentures
IOU intends to repurchase an additional $2 million of convertible debentures, increasing the total announced and intended repurchases up to $4.3 million in 2021.
Aug 26, 2021 08:30 am ET
IOU Financial Inc. Reports Second Quarter 2021 Financial Results and Breaks All-Time Record in Monthly Loan Originations
Company highlights strong quarter-to-quarter growth in loan originations, shares progress on Post-Pandemic Growth Plans and announces migration to marketplace strategy.
Aug 26, 2021 08:30 am ET
IOU Financial Inc. Reports Second Quarter 2021 Financial Results and Breaks All-Time Record in Monthly Loan Originations
Company highlights strong quarter-to-quarter growth in loan originations, shares progress on Post-Pandemic Growth Plans and announces migration to marketplace strategy.
Aug 04, 2021 04:30 pm ET
IOU Financial Introduces Cash Back Loan
IOU fulfills innovation promise with unique term loan that rewards small business owners with a 3% rebate
Aug 04, 2021 04:30 pm ET
IOU Financial Introduces Cash Back Loan
IOU fulfills innovation promise with unique term loan that rewards small business owners with a 3% rebate
Aug 04, 2021 08:30 am ET
IOU Financial builds on post-pandemic success with new leadership structure
New CEO Robert Gloer lays the groundwork for major growth through innovation
Aug 04, 2021 08:30 am ET
IOU Financial builds on post-pandemic success with new leadership structure
New CEO Robert Gloer lays the groundwork for major growth through innovation
Jun 16, 2021 06:15 pm ET
IOU Financial Announces the Repurchase of Approximately $1.9 Million of Convertible Debentures
Company follows through on plan to leverage strong cash position to consolidate its stake in capitalizing on the economic recovery.
Jun 16, 2021 06:15 pm ET
IOU Financial Announces the Repurchase of Approximately $1.9 Million of Convertible Debentures
Company follows through on plan to leverage strong cash position to consolidate its stake in capitalizing on the economic recovery.
Jun 10, 2021 05:00 pm ET
IOU Financial Reports Results of its Annual Shareholders' Meeting
MONTREAL, June 10, 2021 /CNW Telbec/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), today reported the results of the Annual General and Special Meeting of Shareholders held on this date (the "Meeting").
Jun 10, 2021 05:00 pm ET
IOU Financial Reports Results of its Annual Shareholders' Meeting
MONTREAL, June 10, 2021 /PRNewswire/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), today reported the results of the Annual General and Special Meeting of Shareholders held on this date (the "Meeting").
May 21, 2021 08:30 am ET
IOU Financial Inc. Reports Financial Results for the Three-Month Period Ended March 31, 2021
Company highlights quarter-to-quarter growth in originations and strong cash position, announces Post-Pandemic Growth Plan.
May 03, 2021 06:00 pm ET
IOU Financial Reports on Grant of Stock Options
MONTREAL, May 3, 2021 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the grant of options pursuant to its Stock Option Plan.
Apr 30, 2021 08:30 am ET
IOU Financial wins at 2021 American Business Awards®
 Leading online lender recognized with Bronze-Level Stevie® award for Achievement in Finance
Apr 29, 2021 08:00 am ET
IOU Financial Inc. Reports Financial Results for the Year Ended December 31, 2020 and Announces CEO Transition
Company meets challenges of the COVID-19 pandemic and positions itself to increase lending activities to small businesses in anticipated recovery of the US economy.
Apr 08, 2021 08:30 am ET
IOU Financial Announces Intention to Repurchase up to $2 Million of Convertible Debentures
MONTREAL, April 8, 2021 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it intends to repurchase up to $2,000,000 of its convertible debentures in the capital of the Company (the "Debentures") at a discount per $1,000 of aggregate principal amount per Debenture (the "Repurchases").
Dec 03, 2020 04:00 pm ET
IOU Financial announces the closing of its private placement for total gross proceeds of approximately $2.1 million and provides corporate update
MONTRÉAL, Dec. 3, 2020 /CNW Telbec/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSXV: IOU) is pleased to announce that it closed on the date hereof its non-brokered private placement of 18,009,806 common shares of the Company (the "Common Shares") for total gross proceeds of approximately $2.1 million (the "Offering") previously announced on November 4, 2020. The Common Shares were offered to investors at a price of $0.1157 per Common Share.
Nov 23, 2020 07:30 am ET
IOU Financial Inc. Reports Third Quarter 2020 Financial Results
On a sequential basis, loan originations doubled to US$18.4 million in Q3 2020 from US$9.2 million in Q2 2020 as IOU gradually resumed loan originations to more businesses and geographical areas in the US. Subsequent to quarter end, IOU entered into a loan purchase agreement of up to US$150 million with a fund managed by Neuberger Berman enabling IOU to capitalize on the eventual economic recovery. IOU's corporate cash position continues to remain stable at $5.3 million since the onset of the pandemic due to cost reductions, government payroll assistance, recoveries of previously charged off
Nov 23, 2020 07:30 am ET
IOU Financial Inc. Reports Third Quarter 2020 Financial Results
On a sequential basis, loan originations doubled to US$18.4 million in Q3 2020 from US$9.2 million in Q2 2020 as IOU gradually resumed loan originations to more businesses and geographical areas in the US. Subsequent to quarter end, IOU entered into a loan purchase agreement of up to US$150 million with a fund managed by Neuberger Berman enabling IOU to capitalize on the eventual economic recovery. IOU's corporate cash position continues to remain stable at $5.3 million since the onset of the pandemic due to cost reductions, government payroll assistance, recoveries of previously charged off
Nov 04, 2020 06:00 pm ET
IOU Financial Announces Loan Purchase Agreement with Neuberger Berman Fund, Private Placement and Appointment of New Director
Loan Purchase Agreement of up to US$150 million per year with Neuberger Berman fund enables IOU to capitalize on the economic recovery Neuberger Berman managed fund will also lead non-brokered private placement of up to $2.1 million Neil Wolfson to join IOU Financial Inc.'s Board of Directors MONTREAL, Nov. 4, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), IOU announces that it has closed a loan purchase agreement (the "Loan Purchase Agreement") with a fund managed by Neuberger Berman ("the Fund")
Nov 04, 2020 06:00 pm ET
IOU Financial Announces Loan Purchase Agreement with Neuberger Berman Fund, Private Placement and Appointment of New Director
Loan Purchase Agreement of up to US$150 million per year with Neuberger Berman fund enables IOU to capitalize on the economic recovery Neuberger Berman managed fund will also lead non-brokered private placement of up to $2.1 million Neil Wolfson to join IOU Financial Inc.'s Board of Directors MONTREAL, Nov. 4, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), IOU announces that it has closed a loan purchase agreement (the "Loan Purchase Agreement") with a fund managed by Neuberger Berman ("the Fund")
Sep 11, 2020 08:30 am ET
IOU Financial Reports on Amendment of Stock Options
MONTREAL, Sept. 11, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it has amended the exercise price of the 200,000 options granted on January 15, 2020 to the investor relations firm The Howard Group from $0.25 to $0.08. If exercised, the shares underlying these options would be subject to a four-month hold period from the date of the amendment.
Aug 27, 2020 08:30 am ET
IOU Financial Inc. Reports Second Quarter 2020 Financial Results
IOU's Q2 2020 results were significantly impacted by the economic disruption of the COVID-19 pandemic, including reduced loan originations and increased provision for loan losses. However, IOU recovered strongly month-over-month during the course of Q2, and this has continued into Q3. Loan originations hit a low of US$2.2 million in April 2020. Loan originations have since grown in subsequent months, reaching US$2.7million in May 2020 and US$4.4 million in June 2020 as IOU gradually resumed lending to more businesses and geographical areas in the US. Loan origination growth has continued in
Aug 04, 2020 08:00 am ET
IOU Financial Inc. announces debenture holder approval of amendments to convertible debentures
MONTREAL, Aug. 4, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that more than two-thirds of the value of the Company's convertible debenture holders have agreed to receive 75% of the interest owed for the months of July, August and September 2020 in cash, and capitalize the remaining 25% of the monthly interest payments to the principal amount of the debenture at the end of each monthly payment period, in accordance to the terms of the trust indenture under which such debentures we
Aug 04, 2020 08:00 am ET
IOU Financial Inc. announces debenture holder approval of amendments to convertible debentures
MONTREAL, Aug. 4, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that more than two-thirds of the value of the Company's convertible debenture holders have agreed to receive 75% of the interest owed for the months of July, August and September 2020 in cash, and capitalize the remaining 25% of the monthly interest payments to the principal amount of the debenture at the end of each monthly payment period, in accordance to the terms of the trust indenture under which such debentures we
Jul 28, 2020 04:34 pm ET
IOU Financial Reports on Grant of Stock Options
MONTREAL, July 28, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the grant of options pursuant to its Stock Option Plan.
Jul 28, 2020 04:34 pm ET
IOU Financial Reports on Grant of Stock Options
MONTREAL, July 28, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the grant of options pursuant to its Stock Option Plan.
Jun 22, 2020 03:14 pm ET
IOU Financial Reports Results of its Annual Shareholders' Meeting
MONTRÉAL, June 22, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), reported today the results of its Annual General and Special Meeting of Shareholders held on this date (the "Meeting").
Jun 22, 2020 03:14 pm ET
IOU Financial Reports Results of its Annual Shareholders' Meeting
MONTRÉAL, June 22, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), reported today the results of its Annual General and Special Meeting of Shareholders held on this date (the "Meeting").
May 28, 2020 05:00 pm ET
IOU Financial Inc. Releases Financial Results for the Three-Month Period Ended March 31, 2020 and Provides Corporate Update
Loan originations increased 16.0% to US$38.1 million in Q1 2020 compared to the same period in 2019. Total loans under management increased 24.3% to $119.9 million in Q1 2020 compared to Q1 2019. Adjusted gross revenue increased 25.4% to $6.4 million in Q1 2020 compared to Q1 2019. Adjusted operating expense ratio decreased to 9.0% in Q1 2020 compared to 9.7% in Q1 2019. Adjusted net loss amounted to $2.1 million in Q1 2020 compared to adjusted net earnings of $0.5 million in Q1 2019 primarily due to COVID-19 related events. MONTRÉAL, May 28, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or
May 28, 2020 05:00 pm ET
IOU Financial Inc. Releases Financial Results for the Three-Month Period Ended March 31, 2020 and Provides Corporate Update
Loan originations increased 16.0% to US$38.1 million in Q1 2020 compared to the same period in 2019. Total loans under management increased 24.3% to $119.9 million in Q1 2020 compared to Q1 2019. Adjusted gross revenue increased 25.4% to $6.4 million in Q1 2020 compared to Q1 2019. Adjusted operating expense ratio decreased to 9.0% in Q1 2020 compared to 9.7% in Q1 2019. Adjusted net loss amounted to $2.1 million in Q1 2020 compared to adjusted net earnings of $0.5 million in Q1 2019 primarily due to COVID-19 related events. MONTRÉAL, May 28, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or
May 11, 2020 05:30 pm ET
IOU Financial Approved by the U.S. Department of the Treasury and Small Business Administration (SBA) to Provide Paycheck Protection Program Loans
MONTREAL, May 11, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that the Company's wholly owned subsidiary, IOU Central Inc., has been approved by the U.S. Department of the Treasury and the Small Business Administration (SBA) to provide Paycheck Protection Program (PPP) loans. 
May 11, 2020 05:30 pm ET
IOU Financial Approved by the U.S. Department of the Treasury and Small Business Administration (SBA) to Provide Paycheck Protection Program Loans
MONTREAL, May 11, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that the Company's wholly owned subsidiary, IOU Central Inc., has been approved by the U.S. Department of the Treasury and the Small Business Administration (SBA) to provide Paycheck Protection Program (PPP) loans. 
Apr 29, 2020 06:30 pm ET
IOU Financial Inc. Releases Financial Results for the year ended December 31, 2019
Loan originations increased 23.4% to US$154.2 million in 2019 compared to 2018. Adjusted gross revenue increased 28.5% to $23.7 million in 2019 compared to 2018. Adjusted operating expense ratio decreased to 9.9% in 2019 compared to 11.0% in 2018. Adjusted net earnings amounted to $1.8 million in 2019 compared to $2.1 million in 2018. IOU repurchased 1,944,500 common shares since the beginning of its Normal Course Issuer Bid ("NCIB"). MONTRÉAL, April 29, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com
Apr 29, 2020 06:30 pm ET
IOU Financial Inc. Releases Financial Results for the year ended December 31, 2019
Loan originations increased 23.4% to US$154.2 million in 2019 compared to 2018. Adjusted gross revenue increased 28.5% to $23.7 million in 2019 compared to 2018. Adjusted operating expense ratio decreased to 9.9% in 2019 compared to 11.0% in 2018. Adjusted net earnings amounted to $1.8 million in 2019 compared to $2.1 million in 2018. IOU repurchased 1,944,500 common shares since the beginning of its Normal Course Issuer Bid ("NCIB"). MONTRÉAL, April 29, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com
Apr 03, 2020 08:29 pm ET
IOU Announces Cost Reduction Initiatives due to the COVID-19 Pandemic
MONTREAL, April 3, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today cost reduction and other initiatives due to the COVID-19 pandemic.
Apr 03, 2020 08:29 pm ET
IOU Announces Cost Reduction Initiatives due to the COVID-19 Pandemic
MONTREAL, April 3, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today cost reduction and other initiatives due to the COVID-19 pandemic.
Mar 19, 2020 07:29 pm ET
IOU Financial Provides Business Outlook Update
MONTREAL, March 19, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is providing an update to its business outlook given the COVID-19 pandemic.
Mar 19, 2020 07:29 pm ET
IOU Financial Provides Business Outlook Update
MONTREAL, March 19, 2020 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is providing an update to its business outlook given the COVID-19 pandemic.
Jan 17, 2020 04:00 pm ET
IOU Financial Engages The Howard Group To Direct Investor Relations Communications Programs
MONTREAL, Jan. 17, 2020 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce it has engaged The Howard Group as its  investor relations communications advisor to direct both traditional and online initiatives targeting institutional and retail investing groups as well as the broader investment community.
Dec 31, 2019 07:30 am ET
IOU Financial Inc. Extends Credit Facility with MidCap Financial
MONTREAL, Dec. 31, 2019 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that it has modified and extended its US $22 million secured credit facility (the "Credit Facility") with MidCap Financial, ("Midcap") until December 31, 2022. The modified interest rate of the Credit Facility is LIBOR plus 5.5%, down from LIBOR plus 8.5%.
Nov 13, 2019 05:28 pm ET
IOU Financial Inc. Releases Financial Results for the Three and Nine-Month Period Ended September 30, 2019 and Provides Corporate Update
Loan originations increased 14.5% to US$41.4 million in Q3 2019 compared to Q3 2018. Total loans under management increased 27.4% to $108.0 million as at September 30, 2019 compared to the same period in 2018. Adjusted gross revenue increased 46.8% to $6.8 million in Q3 2019 compared to Q3 2018. Adjusted Operating Expense Ratio decreased to 10.1% in Q3 2019 compared to 10.5% in Q3 2018. Extended the maturity date of the convertible debentures from December 31, 2020 to December 31, 2023. Adjusted net earnings amounted to $0.8 million in the third quarter of 2019, an increase of 64.2% over Q3
Nov 13, 2019 05:28 pm ET
IOU Financial Inc. Releases Financial Results for the Three and Nine-Month Period Ended September 30, 2019 and Provides Corporate Update
Loan originations increased 14.5% to US$41.4 million in Q3 2019 compared to Q3 2018. Total loans under management increased 27.4% to $108.0 million as at September 30, 2019 compared to the same period in 2018. Adjusted gross revenue increased 46.8% to $6.8 million in Q3 2019 compared to Q3 2018. Adjusted Operating Expense Ratio decreased to 10.1% in Q3 2019 compared to 10.5% in Q3 2018. Extended the maturity date of the convertible debentures from December 31, 2020 to December 31, 2023. Adjusted net earnings amounted to $0.8 million in the third quarter of 2019, an increase of 64.2% over Q3
Sep 27, 2019 09:31 am ET
IOU Financial Inc. ranks amongst Canada's Top Growing Companies in the Globe and Mail's Inaugural Ranking
MONTREAL, Sept. 27, 2019 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that IOU was named one of Canada's Top Growing Companies in the Globe and Mail's inaugural ranking of Canada's Top Growing Companies.
Sep 27, 2019 09:31 am ET
IOU Financial Inc. ranks amongst Canada's Top Growing Companies in the Globe and Mail's Inaugural Ranking
MONTREAL, Sept. 27, 2019 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that IOU was named one of Canada's Top Growing Companies in the Globe and Mail's inaugural ranking of Canada's Top Growing Companies.
Sep 12, 2019 09:15 am ET
IOU Financial Inc. on The Growth 500 List of Canada's Fastest-Growing Companies for the Sixth Consecutive Year
MONTREAL, Sept. 12, 2019 /CNW Telbec/ -  IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that Canadian Business ranked IOU for the sixth consecutive year to The Growth 500, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, the Growth 500 ranked IOU as the 244th fastest growing company on the 2019 Growth 500 list with five-year revenue growth of 211%.
Sep 12, 2019 09:15 am ET
IOU Financial Inc. on The Growth 500 List of Canada's Fastest-Growing Companies for the Sixth Consecutive Year
MONTREAL, Sept. 12, 2019 /PRNewswire/ -  IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that Canadian Business ranked IOU for the sixth consecutive year to The Growth 500, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, the Growth 500 ranked IOU as the 244th fastest growing company on the 2019 Growth 500 list with five-year revenue growth of 211%.
Aug 23, 2019 09:18 am ET
IOU Financial Inc. Releases Financial Results for the Three and Six- Month Period Ended June 30, 2019
Loan originations increased 31.8% to US$38.5 million in Q2 2019 compared to Q2 2018. Total loans under management increased 36.4% to $101.0 million as at June 30, 2019 compared to the same period in 2018. Adjusted gross revenue increased 25.1% to $5.5 million in Q2 2019 compared to Q2 2018. Adjusted Operating Expense Ratio decreased to 10.0% in Q2 2019 compared to 11.9% in Q2 2018. Adjusted net earnings amounted to $0.3 million in the second quarter of 2019, representing the sixth consecutive profitable quarter. Adjusted net earnings amounted to $0.8 million year-to-date. MONTRÉAL, Aug. 23,
Aug 23, 2019 09:18 am ET
IOU Financial Inc. Releases Financial Results for the Three and Six- Month Period Ended June 30, 2019
Loan originations increased 31.8% to US$38.5 million in Q2 2019 compared to Q2 2018. Total loans under management increased 36.4% to $101.0 million as at June 30, 2019 compared to the same period in 2018. Adjusted gross revenue increased 25.1% to $5.5 million in Q2 2019 compared to Q2 2018. Adjusted Operating Expense Ratio decreased to 10.0% in Q2 2019 compared to 11.9% in Q2 2018. Adjusted net earnings amounted to $0.3 million in the second quarter of 2019, representing the sixth consecutive profitable quarter. Adjusted net earnings amounted to $0.8 million year-to-date. MONTRÉAL, Aug. 23,
Aug 02, 2019 05:00 pm ET
IOU Financial Inc. announces debentureholder approval of amendments to convertible debentures
MONTREAL, Aug. 2, 2019 /CNW Telbec/ - IOU Financial Inc. ("IOU") (TSXV: IOU) is pleased to announce that the holders of its 10% convertible unsecured subordinated debentures due December 31, 2020 (the "Debentures") have approved the previously announced amendments to the terms of the Debentures by extraordinary resolution.
Aug 02, 2019 05:00 pm ET
IOU Financial Inc. announces debentureholder approval of amendments to convertible debentures
MONTREAL, Aug. 2, 2019 /PRNewswire/ - IOU Financial Inc. ("IOU") (TSXV: IOU) is pleased to announce that the holders of its 10% convertible unsecured subordinated debentures due December 31, 2020 (the "Debentures") have approved the previously announced amendments to the terms of the Debentures by extraordinary resolution.
Jul 25, 2019 08:00 am ET
IOU Financial Inc. announces intention to amend convertible debentures
MONTREAL, July 25, 2019 /CNW Telbec/ - IOU Financial Inc. ("IOU") (TSXV: IOU) is announcing that, subject to the definitive approval of the TSX Venture Exchange (the "TSX-V"), it intends to amend the terms of its series of 10% convertible unsecured subordinated debentures, which were issued by way of private placement pursuant to a trust indenture dated November 2, 2015 (the "Debentures").
Jul 25, 2019 08:00 am ET
IOU Financial Inc. announces intention to amend convertible debentures
MONTREAL, July 25, 2019 /PRNewswire/ - IOU Financial Inc. ("IOU") (TSXV: IOU) is announcing that, subject to the definitive approval of the TSX Venture Exchange (the "TSX-V"), it intends to amend the terms of its series of 10% convertible unsecured subordinated debentures, which were issued by way of private placement pursuant to a trust indenture dated November 2, 2015 (the "Debentures").
May 23, 2019 09:00 am ET
IOU Financial Inc. Releases Financial Results for the Three-Month Period Ended March 31, 2019
IOU posts adjusted net earnings of $0.5 million in the first quarter of 2019. Under IFRS, Q1 2019 represents the Company's sixth consecutive profitable quarter. Loan originations increased 33.7% to US$32.8 million in Q1 2019 compared to the same period in 2018. Total loans under management increased 50.3% to $96.5 million in Q1 2019 compared to Q1 2018. Adjusted gross revenue increased 18.4% to $5.1 million in Q1 2019 compared to Q1 2018. Adjusted Operating Expense Ratio decreased to 9.7% in Q1 2019 compared to 11.7% in Q1 2018. The Company closed a new credit facility in Q1 2019 at a rate w
May 23, 2019 09:00 am ET
IOU Financial Inc. Releases Financial Results for the Three-Month Period Ended March 31, 2019
IOU posts adjusted net earnings of $0.5 million in the first quarter of 2019. Under IFRS, Q1 2019 represents the Company's sixth consecutive profitable quarter. Loan originations increased 33.7% to US$32.8 million in Q1 2019 compared to the same period in 2018. Total loans under management increased 50.3% to $96.5 million in Q1 2019 compared to Q1 2018. Adjusted gross revenue increased 18.4% to $5.1 million in Q1 2019 compared to Q1 2018. Adjusted Operating Expense Ratio decreased to 9.7% in Q1 2019 compared to 11.7% in Q1 2018. The Company closed a new credit facility in Q1 2019 at a rate w
May 03, 2019 05:00 pm ET
IOU Announces Proposed Share Consolidation
MONTREAL, May 3, 2019 /CNW Telbec/ - IOU Financial Inc. ("IOU" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it will submit a special resolution at its annual and special meeting of the Company's shareholders (the "Meeting") which will be held on June 13, 2019 in Montreal, to authorize a consolidation of its common shares ("Shares").
Apr 25, 2019 09:30 pm ET
IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2018
IOU posts annual IFRS net earnings and adjusted net earnings of $2.7 million in 2018. Loan originations increased 36.8% to US$125.0 million during the year ended December 31, 2018. Total loans under management increased 55.5% to $95.9 million in 2018. Provision for loan losses (net of recoveries) decreased 43.1% to $4.7 million in 2018. Reduced operating costs (excluding non-recurring costs) by 5.5% to $8.5 million for the year ended December 31, 2018. MONTRÉAL, April 25, 2019 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses
Apr 25, 2019 09:30 pm ET
IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2018
IOU posts annual IFRS net earnings and adjusted net earnings of $2.7 million in 2018. Loan originations increased 36.8% to US$125.0 million during the year ended December 31, 2018. Total loans under management increased 55.5% to $95.9 million in 2018. Provision for loan losses (net of recoveries) decreased 43.1% to $4.7 million in 2018. Reduced operating costs (excluding non-recurring costs) by 5.5% to $8.5 million for the year ended December 31, 2018. MONTRÉAL, April 25, 2019 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses
Mar 20, 2019 06:00 pm ET
IOU Financial Reports on Grant of Stock Options
MONTREAL, March 20, 2019 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company"); (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the grant of options pursuant to its Stock Option Plan.
Mar 05, 2019 04:00 pm ET
IOU Financial enters into US$50M credit facility with Credit Suisse
MONTREAL, March 5, 2019 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company"); (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that it has entered into a US$50 million credit facility with Credit Suisse AG, Cayman Islands Branch. Sector Financial Inc, an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility. The facility is structured with an accordion and may be increased to US$100 million at IOU's request and the lender's acceptance.
Nov 26, 2018 03:30 pm ET
IOU Financial Inc. Joins the FINSYNC Lending Network - IOU integrates its funding solution with FINSYNC's cash flow management platform to fuel the growth of more businesses
MONTRÉAL, Nov. 26, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company"); (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce its strategic partnership with FINSYNC, Inc. ("FINSYNC").
Nov 26, 2018 03:30 pm ET
IOU Financial Inc. Joins the FINSYNC Lending Network - IOU integrates its funding solution with FINSYNC's cash flow management platform to fuel the growth of more businesses
MONTRÉAL, Nov. 26, 2018 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company"); (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce its strategic partnership with FINSYNC, Inc. ("FINSYNC").
Nov 14, 2018 04:04 pm ET
IOU Financial Inc. Releases Financial Results for the Three and Nine-Month Period Ended September 30, 2018
IOU posts fourth consecutive quarter with positive earnings. Adjusted earnings amounted to $623,795 in Q3 2018 and $2.1 million year-to-date. Net earnings on an IFRS basis amounted to $600,593 in Q3 2018 and $2.3 million year-to-date. Loan originations increased 84.7% to US$36.1 million during the third quarter compared to the same period last year. Provision for loan losses decreased 51.3% to $1.2 million in Q3 2018 compared to Q3 2017. MONTRÉAL, Nov. 14, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company"); (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.
Oct 11, 2018 08:30 am ET
IOU Financial Inc. Surpasses US$600M in Loans Originated
MONTRÉAL, Oct. 11, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that it has funded more than US$600 million in financing to thousands of merchants and small businesses across the United States and Canada since December 2009.
Sep 14, 2018 08:30 am ET
IOU Financial Inc. on The Growth 500 List of Canada's Fastest-Growing Companies for the Fifth Consecutive Year
MONTREAL, Sept. 14, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that Canadian Business ranked IOU for the fifth consecutive year to The Growth 500, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, the Growth 500 ranked IOU as the 62nd fastest growing company on the 2018 Growth 500 list with five-year revenue growth of 1,256%.
Sep 14, 2018 08:30 am ET
IOU Financial Inc. on The Growth 500 List of Canada's Fastest-Growing Companies for the Fifth Consecutive Year
MONTREAL, Sept. 14, 2018 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that Canadian Business ranked IOU for the fifth consecutive year to The Growth 500, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, the Growth 500 ranked IOU as the 62nd fastest growing company on the 2018 Growth 500 list with five-year revenue growth of 1,256%.
Aug 22, 2018 05:00 pm ET
IOU Financial Inc. Releases Financial Results for the Three and Six-Month Period Ended June 30, 2018
IOU posts third consecutive quarter with positive earnings. Adjusted earnings amounted to $0.7 million in Q2 2018 and $1.5 million year-to-date. Net earnings on an IFRS basis amounted to $0.9 million in Q2 2018 and $1.6 million year-to-date. Loan originations increased 11.6% to US$29.2 million during the second quarter compared to the same period last year and increased 19.1% over Q1 2018. Provision for loan losses decreased 61.2% to $0.9 million in Q2 2018. Opex decreased 18.5% to $2.1 million for the second quarter of 2018. MONTREAL, Aug. 22, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU
Jul 03, 2018 10:20 am ET
IOU Financial Reports on Grant of Stock Options
MONTREAL, July 3, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com) announced today the grant of options pursuant to its Stock Option Plan.
May 24, 2018 05:30 pm ET
IOU Financial Inc. Releases Financial Results for the Three-Month Period Ended March 31, 2018
Net earnings on an IFRS basis and adjusted net earnings amounted to $0.8 million in Q1 2018, the second consecutive quarter with positive earnings for the Company. Loan originations increased 11.2% to $24.5 million compared to the same period in 2017. Provision for loan losses decreased 50.6% to $0.9 million in Q1 2018 driven by measures taken to reduce defaults. Opex decreased 23.1% to $1.9 million for the first quarter of 2018. MONTREAL, May 24, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), an
Apr 26, 2018 06:00 pm ET
IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2017
Reached profitability during the year with positive adjusted net earnings of $0.1 million in Q4. Surpassed the half-billion loan origination mark with loan originations of $91.3 million (US) for the year. Increased interest revenue of 8.1% to $14.4 million for the year ended December 31, 2017 vs 2016. Reduced operating costs (excluding non-recurring costs) by 20.3% to $9.0 million for the year ended 2017. Raised $3.5 million via a private placement. MONTREAL, April 26, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses
Apr 26, 2018 06:00 pm ET
IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2017
Reached profitability during the year with positive adjusted net earnings of $0.1 million in Q4. Surpassed the half-billion loan origination mark with loan originations of $91.3 million (US) for the year. Increased interest revenue of 8.1% to $14.4 million for the year ended December 31, 2017 vs 2016. Reduced operating costs (excluding non-recurring costs) by 20.3% to $9.0 million for the year ended 2017. Raised $3.5 million via a private placement. MONTREAL, April 26, 2018 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses
Apr 03, 2018 05:27 pm ET
Nakula Management Limited Acquires Securities of IOU Financial Inc.
NICOSIA, Cyprus, April 3, 2018 /CNW Telbec/ - Nakula Management Limited ("Nakula"), announces that it has acquired ownership of 2,378,905 common shares ("Common Shares") of IOU Financial Inc. (TSXV: IOU) ("IOU") and CDN$1,000,000 in principal amount of convertible unsecured subordinated debentures (the "Debentures") of IOU. The Debentures are convertible at their holders' option into Common Shares at a price of $0.75 per Common Share, representing a conversion rate of 1,333.33 Common Shares for each $1,000 principal amount of Debentures. As such, Nakula acquired approximately 4.18% of IOU's
Apr 03, 2018 05:26 pm ET
FinTech Ventures Fund, LLLP Announces Disposition of Securities of IOU Financial Inc.
ATLANTA, April 3, 2018 /CNW Telbec/ - FinTech Ventures Fund, LLLP ("FinTech"), announces that it has disposed ownership of 2,378,905 common shares ("Common Shares") of IOU Financial Inc. (TSXV: IOU) ("IOU") and CDN$1,000,000 in principal amount of convertible unsecured subordinated debentures (the "Debentures") of IOU. The Debentures are convertible at their holders' option into Common Shares at a price of $0.75 per Common Share, representing a conversion rate of 1,333.33 Common Shares for each $1,000 principal amount of Debentures. As such, the transaction represents a disposition of approx
Feb 27, 2018 04:56 pm ET
IOU Financial Extends Credit Facility with Midcap Financial
MONTRÉAL, Feb. 27, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it has modified and extended its secured credit facility (the "Credit Facility") with MidCap Financial, ("Midcap") until December 31, 2020. The amount of the Credit Facility is USD $20 million, with a term portion equal to USD $15 million and a revolver amount of USD $5 million.
Jan 31, 2018 07:30 am ET
IOU Financial partners with CDE solutions - IOU and CDE to partner in funding CDE'S network of 26,000 convenience store owners
MONTRÉAL, Jan. 31, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce a strategic partnership with Marietta, GA-based POS solutions provider CDE (CDEsolutions.com).  Through this strategic partnership, CDE's network of 26,000 convenience store owners nationwide will be able to access IOU's fast, convenient, non-collateral funding solutions.
Jan 24, 2018 03:30 pm ET
IOU Provides 2018 Financial Outlook
MONTREAL, Jan. 24, 2018 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), today announced its outlook for fiscal 2018.  All dollar amounts are in Canadian dollars unless specifically referred to otherwise.
Dec 06, 2017 07:30 am ET
IOU Financial Surpasses US$500 Million in Loans Originated
MONTRÉAL, Dec. 6, 2017 /CNW Telbec/ - IOU Financial Inc. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that it has facilitated more than US$500 million in financing to thousands of merchants and small businesses across the United States and Canada since launching its lending platform.
Nov 29, 2017 03:30 pm ET
IOU Financial Inc. Releases Financial Results for the Three and Nine Month Period Ended September 30, 2017
Gross revenue increased 5.7% to $13.2 million for the nine-month period ended September 30, 2017 compared to the same period in 2016. Opex (excluding non-recurring costs) decreased 19.3% to $2.2 million for the quarter ended September 30, 2017 compared to the same period last year. The Company achieved its target of quarterly operating costs of $2.0 million to $2.2 million on a normalized basis. The Company anticipates average quarterly operating expenses of approximately $1.6 million on a normalized basis in 2018. Provision for loans losses increased 12.9% to $2.5 million in the quarter. I
Sep 14, 2017 05:30 pm ET
IOU Financial Ranked Fourth Fastest-Growing Company in Canada
MONTREAL, Sept. 14, 2017 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that Canadian Business and PROFIT ranks IOU Financial as the fourth-fastest growing company on the 29th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Maclean's magazine and at CanadianBusiness.com, the PROFIT500 ranks Canadian businesses by their five-year revenue growth.
Sep 14, 2017 05:30 pm ET
IOU Financial Ranked Fourth Fastest-Growing Company in Canada
MONTREAL, Sept. 14, 2017 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that Canadian Business and PROFIT ranks IOU Financial as the fourth-fastest growing company on the 29th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Maclean's magazine and at CanadianBusiness.com, the PROFIT500 ranks Canadian businesses by their five-year revenue growth.
Sep 06, 2017 09:00 am ET
IOU Financial Partners with Rubicon Global to Fund Recycling Ecosystem
MONTREAL, Sept. 6, 2017 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce a strategic partnership with Rubicon Global.  IOU joined the RUBICONPro buying program to provide Rubicon's network of independent haulers with fast, convenient and reliable, non-collateral funding solutions.
Sep 06, 2017 09:00 am ET
IOU Financial Partners with Rubicon Global to Fund Recycling Ecosystem
MONTREAL, Sept. 6, 2017 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce a strategic partnership with Rubicon Global.  IOU joined the RUBICONPro buying program to provide Rubicon's network of independent haulers with fast, convenient and reliable, non-collateral funding solutions.
Aug 29, 2017 09:00 am ET
IOU Financial Inc. Releases Financial Results for the Three and Six Month Period Ended June 30, 2017
Principal balance of loan portfolio increased 20.2% compared to the same period last year to $42.9 million consistent with the Company's strategy to retain more loans on its balance sheet. Gross revenue increased 27.0% to $8.7 million for the first half of 2017. Opex (excluding non-recurring costs) decreased 18.1% or $0.6 million for the quarter ended June 30, 2017 compared to the same period last year. The Company is on track to achieve its target of quarterly operating costs of $2.0 million to $2.2 million on a normalized basis in the third quarter. During the quarter, the Company focusse
Jun 20, 2017 06:26 pm ET
IOU Financial Announces New Director and Reports on AGM Results and on Grant of Stock Options
MONTREAL, June 20, 2017 /CNW Telbec/ - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company") today reported the results of its Annual General and Special Meeting of Shareholders held on this date (the "Meeting").
May 29, 2017 09:00 am ET
IOU Financial Inc. Releases Financial Results for the First Quarter Ended March 31, 2017
Principal balance of loan portfolio increased 72.0% compared to the same period last year to $43.8 million consistent with the Company's strategy to retain more loans on its balance sheet. Gross revenue increased 29.6% to $4.3 million for the quarter ended March 31, 2017. On a sequential basis, the provision for loan losses decreased 38.3% from the quarter ended December 31, 2016 to $1.9 million. Opex decreased from $3.0 million for the quarter ended September 30th, 2016 when a cost reduction plan was initiated, to $2.4 million for the quarter ended March 31, 2017. Won a Gold Stevie® Award
May 25, 2017 07:15 pm ET
IOU Financial announces the completion of the brokered portion of its private placement
MONTRÉAL, May 25, 2017 /CNW Telbec/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSXV: IOU) is pleased to announce that it closed on the date hereof the brokered portion of its previously announced private placement of common shares (the "Common Shares") for total gross proceeds of approximately $1.2 million, representing 6,075,000 Common Shares. Haywood Securities Inc. ("Haywood") acted as agent under this portion of the private placement. The Common Shares were offered to investors at a price of $0.20 per Common Share (the "Offering Price"). The total gross amount raised under
May 15, 2017 06:52 pm ET
IOU Financial announces the completion of the first tranche of its private placement for total gross proceeds of $2.12 million
MONTRÉAL, May 15, 2017 /CNW Telbec/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSX‑V: IOU) is pleased to announce that it closed on the date hereof the non-brokered portion of its previously announced private placement of common shares (the "Common Shares") for total gross proceeds of approximately $2.12 million. The Common Shares were offered to investors at a price of $0.20 per Common Share. Considering the upsizing in the first tranche of the private placement, the total amount expected to be issued under the private placement has been increased by IOU Financial from up to $
May 03, 2017 09:30 am ET
IOU Financial Partners with EVO Payments International - IOU & EVO to Cross-Promote Funding and Credit Card Processing
MONTREAL, May 3, 2017 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce its strategic partnership with EVO Payments International (EVO), a leading card payment acquirer and payment services provider operating throughout North America and Europe. Through this strategic partnership, IOU's direct clients will be able to take advantage of EVO's innovative merchant services solutions, save money, and allocate more capital to growth. 
May 03, 2017 09:30 am ET
IOU Financial Partners with EVO Payments International - IOU & EVO to Cross-Promote Funding and Credit Card Processing
MONTREAL, May 3, 2017 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce its strategic partnership with EVO Payments International (EVO), a leading card payment acquirer and payment services provider operating throughout North America and Europe. Through this strategic partnership, IOU's direct clients will be able to take advantage of EVO's innovative merchant services solutions, save money, and allocate more capital to growth. 
May 01, 2017 10:25 am ET
IOU Financial Announces Private Placement of up to $3.5 Million
/NOT FOR DISTRIBUTION IN THE UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Apr 28, 2017 09:00 am ET
IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2016
Closed $50 million credit facility lowering funding costs and enhancing competitive position. Principal balance of loan portfolio increased 53.2% to $42.1 million consistent with the Company's strategy to retain more loans on its balance sheet. Gross revenue increased 45.4% to $17.4 million for the year ended December 31, 2016. Deployed next generation proprietary IOU Risk Logic Score as part of continued investment in innovation and technology. Initiated significant cost reduction plan. Assuming the plan was fully implemented at the beginning of 2016, the Company would have been break even
Apr 28, 2017 09:00 am ET
IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2016
Closed $50 million credit facility lowering funding costs and enhancing competitive position. Principal balance of loan portfolio increased 53.2% to $42.1 million consistent with the Company's strategy to retain more loans on its balance sheet. Gross revenue increased 45.4% to $17.4 million for the year ended December 31, 2016. Deployed next generation proprietary IOU Risk Logic Score as part of continued investment in innovation and technology. Initiated significant cost reduction plan. Assuming the plan was fully implemented at the beginning of 2016, the Company would have been break even
Apr 19, 2017 06:34 pm ET
FinTech Ventures Fund, LLLP Announces Disposition of Shares of IOU Financial Inc.
ATLANTA, GA, April 19, 2017 /CNW/ - FinTech Ventures Fund, LLLP ("FinTech"), announced today pursuant to National Instrument 62‑103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that, pursuant to a private agreement, it has disposed ownership of 7,000,000 common shares ("Common Shares") of IOU Financial Inc. ("IOU"). The Common Shares disposed represent approximately 9.94% of the issued and outstanding Common Shares of IOU.
Mar 27, 2017 11:16 am ET
IOU Financial Wins Gold Stevie® Award in 11th Annual Stevie Awards for Best Use of Technology in Customer Service
MONTREAL, March 27, 2017 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com) has won a Gold Stevie® Award in the Best Use of Technology in Customer Service in the 11th annual Stevie Awards for Sales & Customer Service.
Mar 27, 2017 11:16 am ET
IOU Financial Wins Gold Stevie® Award in 11th Annual Stevie Awards for Best Use of Technology in Customer Service
MONTREAL, March 27, 2017 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses (IOUFinancial.com) has won a Gold Stevie® Award in the Best Use of Technology in Customer Service in the 11th annual Stevie Awards for Sales & Customer Service.
Mar 23, 2017 10:00 am ET
IOU Financial Wins Bronze Stevie® Award for Sales & Customer Service at the 11th Annual Stevie Awards
MONTREAL, March 23, 2017 /CNW/ - IOU Financial Inc. ("IOU" or the "Company") (TSX-V:IOU), a leading online lender to small businesses, has won a Bronze Stevie Award for Back-Office Customer Service Team of the Year in the Customer Service & Contact Centre Category at the 11th annual Stevie Awards® hosted this past February 24th, 2017.
Mar 23, 2017 10:00 am ET
IOU Financial Wins Bronze Stevie® Award for Sales & Customer Service at the 11th Annual Stevie Awards
MONTREAL, March 23, 2017 /PRNewswire/ - IOU Financial Inc. ("IOU" or the "Company") (TSX-V:IOU), a leading online lender to small businesses, has won a Bronze Stevie Award for Back-Office Customer Service Team of the Year in the Customer Service & Contact Centre Category at the 11th annual Stevie Awards® hosted this past February 24th, 2017.
Mar 02, 2017 09:00 am ET
IOU Financial CEO Philippe Marleau Joins Innovation in Business - Small Business Panel at LendIt USA 2017
MONTREAL, March 2, 2017 /CNW/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses, is pleased to announce its CEO, Philippe Marleau, will serve as a panelist at the flagship LendIt USA 2017 conference at the Jacob Javits Center in New York City, March 6-7, 2017. In its fifth year, LendIt is the largest conference series dedicated to connecting the global lending and fintech community.
Mar 02, 2017 09:00 am ET
IOU Financial CEO Philippe Marleau Joins Innovation in Business - Small Business Panel at LendIt USA 2017
MONTREAL, March 2, 2017 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company"; TSX-V:IOU), a leading online lender to small businesses, is pleased to announce its CEO, Philippe Marleau, will serve as a panelist at the flagship LendIt USA 2017 conference at the Jacob Javits Center in New York City, March 6-7, 2017. In its fifth year, LendIt is the largest conference series dedicated to connecting the global lending and fintech community.
Nov 08, 2016 01:04 pm ET
IOU Financial announces the completion of the second and final tranche of its private placement for total gross proceeds of approximately $1.1 million
MONTRÉAL, Nov. 8, 2016 /CNW Telbec/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSX-V: IOU) is pleased to announce that it closed on November 7, 2016 the second tranche of its previously announced private placement of common shares (the "Common Shares") for total gross proceeds of approximately $1.1 million. The Common Shares were offered to investors at a price of $0.27 per Common Share. The second tranche, when combined with the previously announced first tranche of the private placement, raised total gross proceeds of approximately $2.3 million. Insiders of IOU Financial (or
Oct 13, 2016 06:31 pm ET
IOU Financial announces the completion of the first tranche of its private placement for total gross proceeds of approximately $1.2 million
MONTRÉAL, Oct. 13, 2016 /CNW Telbec/ - IOU Financial Inc. ("IOU Financial" or the "Company") (TSXV: IOU) is pleased to announce that it closed on the date hereof the first tranche of its previously announced private placement of common shares (the "Common Shares") for total gross proceeds of approximately $1.2 million. The Common Shares were offered to investors at a price of $0.27 per Common Share.
Oct 05, 2016 12:54 pm ET
IOU Financial announces private placement of up to $2.2 million of equity
/NOT FOR DISTRIBUTION IN THE UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Sep 22, 2016 06:12 pm ET
IOU Financial Announces Restructuring to Accelerate Path to Profitable Growth
MONTRÉAL, Sept. 22, 2016 /CNW/ - IOU Financial Inc. (TSX Venture Exchange: IOU) ("IOU Financial" or the "Company"), a leading online lender to small businesses, announced today a restructuring plan that will begin in September 2016 and reflect the Company's long-term outlook for loan origination growth of 25% to 30% annually. 
Sep 19, 2016 04:10 pm ET
IOU Financial Ranks No.8 on the 2016 PROFIT500
MONTREAL, Sept. 19, 2016 /CNW Telbec/ - IOU Financial Inc. (TSXV: IOU) a leading online lender (IOUFinancial.com) to small business in the United States and Canada, announces today that Canadian Business and PROFIT ranks IOU Financial as the #8 fastest growing company on the 28th annual PROFIT500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT500 ranks Canadian businesses by their five-year revenue growth.
Sep 12, 2016 01:24 pm ET
IOU Financial Partners With RestaurantLink Providing Restaurants Nationwide Quick Access to Capital
IOU Financial Offers RestaurantLink Customers Alternative Funding
Sep 08, 2016 12:47 pm ET
IOU Financial offers small business loans in Canada
MONTRÉAL, Sept. 8, 2016 /CNW Telbec/ - IOU Financial Inc. (TSX Venture Exchange: IOU) ("IOU or the "Company") a leading online lender (IOUFinancial.com) to small businesses in the United States is pleased to announce its entrance into Canada.