News

MONTREAL, April 18, 2014 – IOU FINANCIAL INC. (“IOU” or “the Company”; ticker symbol IOU/TSX-V) recorded financial revenues of $4,047,105 and $937,530, during both fiscal years ended December 31, 2013 and 2012 respectively. The Company closed fiscal 2013 with a net loss attributable to common shareholders of $1,444,702, or $0.03 per share, compared with a […]

MONTREAL, March 7, 2014 – IOU Financial Inc. (“IOU Financial”) (CSE: IOU) is pleased to announce that Mr. David Cynn has joined its Board of Directors. Mr. Cynn is a Partner at Killearn Capital, a New York private equity firm focused on specialty finance companies. Prior to joining Killearn Capital, Mr. Cynn was a Partner

MONTRÉAL, Québec, February 12, 2014 – IOU Financial Inc. (“IOU”) (CNSX: IOU), an online lender to small businesses, announced today that Accord Financial Inc. (TSX: ACD) has exercised its option to extend IOU’s current credit facility by an additional one-year term, being up to June 14, 2015, by providing IOU an increase in such credit

Montreal, Quebec, January 23, 2014 — IOU Financial Inc. (CSE: IOU) (“IOU Financial” or the “Company”), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSX-V”) to list its Class B common shares on the TSX-V. A migration from the CSE to the TSX-V is considered to be an

MONTRÉAL, January 8, 2014 – IOU Financial Inc. (“IOU Financial”) (CNSX: IOU) is pleased to announce that it has entered into an agreement with Palos Management Inc. and the Palos/IOU High Yield Fund (the “Fund”), a fund managed by Palos Management Inc., whereby its whollyowned US subsidiary, IOU Central Inc., will have the opportunity, but