IOU Financial Appoints a New Chief Financial Officer

Montreal, Quebec--(Newsfile Corp. - April 26, 2016) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company"), a leading online lender to small businesses, is pleased to announce the appointment of David John Kennedy as its Chief Financial Officer.

David John Kennedy is a CPA, CA and a graduate of McGill University. A seasoned financial executive, Mr. Kennedy has worked 18 years in the insurance and financial sectors.

Mr. Kennedy began his career at PricewaterhouseCoopers LLP where he provided advice to large multinationals and owner-managed companies on accounting and tax issues, financial presentations, audit and general business practices. Mr. Kennedy then became Chief Financial Officer and Compliance Officer of Mirabaud Canada Inc., a full service broker/investment dealer with $1.2 billion of assets under management. For the last nine years, Mr. Kennedy was Executive Vice-President and Chief Financial Officer of Dale Parizeau Morris Mackenzie Inc. and Mass Insurance Brokers Limited, insurance brokerage firms with combined premiums of $375M.

"We are very pleased to welcome David to IOU Financial," said Phil Marleau, CEO of IOU Financial. "As IOU Financial has experienced important growth these past years, the contribution of David's experience, knowledge and leadership will be of great benefit to our operations."  

About IOU Financial
IOU Financial provides small businesses throughout the U.S. access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. In a unique approach to lending, IOU Financial's advanced, automated application and approval system accurately assesses applicants' financial realities, with an emphasis on day-to-day cash flow trends. It makes loans of up to $150,000 to qualified applicants within a few business days, with affordable charges favorable to cash-flow management. IOU Financial's speed and transparency make it a trusted alternative to banks. To learn more visit: www.ioufinancial.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE IOU FINANCIAL INC.

For further information: Philippe Marleau, Chief Executive Officer, (514) 789-0694 ext. 225.

RELATED LINKS
http://www.ioufinancial.com

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