News

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 […]

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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%

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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”)

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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

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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

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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

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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

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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

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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

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