Entries by Phil Marleau

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. Outlook for fiscal 2018 IOU remains well placed at the forefront of the fintech revolution that is […]

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.  “$500 million in originations is a significant milestone that we are […]

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, 2017compared 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 […]

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 […]