May 2017

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% […]

IOU Financial Inc. Releases Financial Results for the First Quarter Ended March 31, 2017 Read More

IOU Financial announces the completion of the brokered portion of its private placement

MONTRÉAL, May 25, 2017 – 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”)

IOU Financial announces the completion of the brokered portion of its private placement Read More

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 – 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

IOU FINANCIAL ANNOUNCES THE COMPLETION OF THE FIRST TRANCHE OF ITS PRIVATE PLACEMENT FOR TOTAL GROSS PROCEEDS OF $2.12 million Read More

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

IOU Financial Partners with EVO Payments International – IOU & EVO to Cross-Promote Funding and Credit Card Processing Read More

IOU FINANCIAL ANNOUNCES PRIVATE PLACEMENT OF UP TO $3.5 MILLION

MONTREAL, Québec, May 1, 2017 /CNW/ – IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU Financial” or, the “Company”), a leading online lender to small businesses in the United States and Canada, announced today that it intends to complete a private placement of up to 17,500,000 common shares of the Company (the “Offered Shares”) at

IOU FINANCIAL ANNOUNCES PRIVATE PLACEMENT OF UP TO $3.5 MILLION Read More

How to Improve Business Culture: The Top 5 Practices Small Businesses Can Start Doing to Develop Their Company’s Unique Culture

The concept of Business Culture for many companies tends to draw up more questions than solutions. What is our culture? How do we set our business culture? In any business, the style or model of business operations in a company is determined to be that company’s “culture.” It’s this culture that is vital to a

How to Improve Business Culture: The Top 5 Practices Small Businesses Can Start Doing to Develop Their Company’s Unique Culture Read More

IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2016

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

IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2016 Read More

IOU Financial Wins Gold Stevie® Award in 11th Annual Stevie Awards for Best Use of Technology in Customer Service

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

IOU Financial Wins Gold Stevie® Award in 11th Annual Stevie Awards for Best Use of Technology in Customer Service Read More

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 11 th annual Stevie Awards® hosted this past February 24

IOU Financial Wins Bronze Stevie® Award for Sales & Customer Service at the 11th Annual Stevie Awards Read More

IOU Financial CEO Philippe Marleau Joins Innovation in Business – Small Business Panel at LendIt USA2017

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

IOU Financial CEO Philippe Marleau Joins Innovation in Business – Small Business Panel at LendIt USA2017 Read More