Month: September 2015

IOU FINANCIAL ANNOUNCES PRIVATE PLACEMENT OF UP TO $10 MILLION OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES

MONTREAL, Québec, September 25, 2015 /CNW/ – IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU Financial” or the “Company”), a leading online lender to small businesses in the United States, announced today that it has entered into an engagement letter with Palos Management Inc., a registered dealer, in connection with a brokered private placement on …

IOU FINANCIAL ANNOUNCES PRIVATE PLACEMENT OF UP TO $10 MILLION OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES Read More

IOU Ranked #1 Fastest Growing Financial Services Firm on the 2015 Profit 500 List of Canada’s Fastest Growing Companies

MONTREAL, Sept. 21, 2015 /CNW/ – IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU Financial” or the “Company“) a leading online small business lender in the United States, announced today that Canadian Business and PROFIT ranked IOU Financial as the #1 fastest growing Financial Services Firm on the 27th annual PROFIT 500, the definitive ranking …

IOU Ranked #1 Fastest Growing Financial Services Firm on the 2015 Profit 500 List of Canada’s Fastest Growing Companies Read More

IOU Financial Achieves Profitability, Provides Update on Alternative Transaction Process and Reminds Shareholders to Reject Qwave’s Coercive Unsolicited Partial Offer

IOU Financial achieved profitability with record loan originations in the months of July and August, totaling US$31.3 million, representing a year over year increase of 150%. Board has approved a letter of intent for a credit facility of up to US$50 million from a major institutional lender. Board has received an offer to proceed with a …

IOU Financial Achieves Profitability, Provides Update on Alternative Transaction Process and Reminds Shareholders to Reject Qwave’s Coercive Unsolicited Partial Offer Read More

IOU Financial Chairman Releases Letter to Shareholders

IOU urges shareholders to REJECT Qwave Partial Offer Qwave lacks credible plan and its offer is substantially inadequate IOU’s business continues to accelerate and has originated US$260 million in loans since inception MONTREAL, Sept. 8, 2015 /CNW/ – IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU” or the “Company“), a leading online lender to small …

IOU Financial Chairman Releases Letter to Shareholders Read More