Entries by Phil Marleau

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 […]

IOU Financial Partners with Rubicon Global to Fund Recycling Ecosystem

MONTREAL, Sept. 6, 2017 /CNW/ – IOU FINANCIAL INC. (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. Where bank loans are not an alternative, an IOU term […]

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 […]

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”). At the Meeting, shareholders approved the appointment of all directors proposed for election, which comprised the existing slate of directors other than Jason […]

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 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 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 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 […]