IOU Financial Inc. Releases Financial Results for the Three and Nine Month Period Ended September 30, 2016
Montreal, Quebec--(Newsfile Corp. - November 29, 2016) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses (IOUFinancial.com), announced today its results for the three and nine month period ended September 30, 2016."IOU remains committed to achieving profitable growth by emphasizing credit quality over loan volume and seeking to continuously improve operational efficiencies. To that end, we recently deployed our next generation proprietary IOU Risk Logic Score, part of our continued investment in...
2016-11-29 4:38 PM EST
IOU Financial Inc. Releases Financial Results for the Three and Six Month Period Ended June 30, 2016
Montreal, Quebec--(Newsfile Corp. - August 25, 2016) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses (IOUFinancial.com), announced today its results for the three and six month period ended June 30, 2016."IOU believes loan quality is imperative to achieving its long term objective of loan origination growth of 25% to 30% annually. We are very pleased to have sustained healthy loan originations while continuing to emphasize loan quality in the quarter....
2016-08-25 5:23 PM EDT
IOU Financial Inc. Releases Financial Results for the First Quarter Ended March 31, 2016
Montreal, Quebec--(Newsfile Corp. - May 25, 2016) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the first quarter ended March 31, 2016."IOU continues to lead at the forefront of the fintech revolution taking hold in North America. The first quarter of 2016 saw strong loan applications, but lower loan volumes, due to a strategic emphasis on seeking higher loan quality. Our intention is to continue...
2016-05-25 5:10 PM EDT
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...
2016-04-26 6:30 PM EDT
IOU Financial enters into $50 million credit facility with Midcap Financial
Facility increases availability of capital to support growth, and lowers funding cost of capitalMarks completion of important strategic objective for IOU management Montreal, Quebec--(Newsfile Corp. - April 22, 2016) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company"), a leading online lender to small businesses, is pleased to announce that it has entered into a $50 million credit facility with MidCap Financial ("MidCap"). The facility will have an initial commitment amount of $25 million and will be expandable to $50 million at...
2016-04-22 7:48 PM EDT
IOU Financial Inc. Releases Financial Results for the Fourth Quarter and Year Ended December 31, 2015
Loan originations in 2015 increased by 47% year over year to a record $146.4 million.Total loans under management in 2015 was approximately $92.7 million, an increase of 63% over the previous year.Increase of 94% in year-over-year gross revenue to $12.0 million.Convertible debenture offering completed for $11.5 million of gross proceeds in 2015.Montreal, Quebec--(Newsfile Corp. - April 22, 2016) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the...
2016-04-22 7:41 PM EDT
IOU Financial Refiles Its Third Quarter Financial Statements and Provides Financial Disclosure Update
Montreal, Quebec--(Newsfile Corp. - December 30, 2015) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company"), a leading online lender to small businesses, announces that it has refiled today its unaudited condensed interim consolidated financial statements for the nine months ended September 30, 2015 and 2014 (the "Q3 Financial Statements"), which can be found under the Company's profile on SEDAR at www.sedar.com.Refiled Q3 Financial StatementsThe Q3 Financial Statements are refiled to reflect amendments made by the Company to its condensed...
2015-12-30 10:59 PM EST
IOU Financial Grants Stock Options
Montreal, Quebec--(Newsfile Corp. - November 26, 2015) - IOU Financial Inc. (TSXV: IOU) (“IOU Financial” or the "Company") today announced the grant of options pursuant to its Stock Option Plan.The Company granted options entitling directors, officers, employees and consultants to acquire up to an aggregate of 1,563,500 Common Shares of the Corporation; these options have an exercise price of $0.55 and a term of five years from the date of grant with one-third (1/3) vesting immediately and one-third (1/3) vesting...
2015-11-26 4:59 PM EST
IOU Financial Inc.'s Results for the Three and Nine Month Period Ended September 30, 2015
Montreal, Quebec--(Newsfile Corp. - November 23, 2015) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the three and nine month period ended September 30, 2015.Loan originations for the third quarter ended September 30, 2015 were US$45 million, representing an increase of 108% over loan originations of US$21.6 million for the same period last year. For the nine month period ended September 30, 2015, IOU Financial...
2015-11-23 5:53 PM EST
IOU Financial Inc.'s Results for the Three and Six Month Period Ended June 30, 2015
Montreal, Quebec--(Newsfile Corp. - August 25, 2015) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the three and six month period ended June 30, 2015.Loan originations for the second quarter ended June 30, 2015 were US$33.8 million, representing an increase of 39.7% over loan originations of US$24.2 million for the same period last year. For the six month period ended June 30, 2015, IOU Financial originated...
2015-08-25 5:25 PM EDT
IIROC Trade Resumption - IOU Financial Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2015) - Trading resumes in: Company: IOU Financial Inc.
2015-06-16 8:23 AM EDT
IIROC Trade Halt - IOU Financial Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2015) - The following issues have been halted by IIROC: Company:
2015-06-15 9:43 AM EDT
IOU Financial Inc.'s Results for the Three Month Period Ended March 31, 2015
Montreal, Quebec--(Newsfile Corp. - May 27, 2015) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the three month period ended March 31, 2015.Loan originations for the first quarter ended March 31, 2015 were US$31.2 million, representing an increase of 52.9% over loan originations of US$20.4 million for the same period last year.On March 31, 2015, IOU Financial's total loans under management amounted to approximately $70.2 million...
2015-05-27 5:55 PM EDT
IOU Financial Inc.'s Results for the Fourth Quarter and Year Ended December 31, 2014
Montreal, Quebec--(Newsfile Corp. - April 28, 2015) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the fourth quarter and year ended December 31, 2014.Loan originations for the fourth quarter period ended December 31, 2014 were US$33.2 million, representing an increase of 120% over loan originations of US$15.1 million for the same period last year. Loan originations for 2014 were US$99.5 million, a 101% increase from...
2015-04-28 6:48 PM EDT
IOU Financial Closes USD$99.5 Million in Loan Originations in 2014
Montreal, Quebec--(Newsfile Corp. - January 22, 2015) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company"), parent of IOU Central Inc. ("IOU Central"), a leading online lender to small businesses, announced today it wrapped up 2014 originating USD$99.5 Million in loan originations during the year, representing a year over year increase of over 100%. This represents another record year for the Company. "Such growth speaks to the success of IOU Central as an alternative lender" said IOU Financial CEO...
2015-01-22 6:02 PM EST
IOU Financial Amends Credit Facility
Montreal, Quebec--(Newsfile Corp. - December 22, 2014) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company"), an online lender to small businesses, announced today that it has increased its credit facility from US$5,000,000 to US$10,000,000, and has extended its credit facility by an additional one-year term being up to June 14, 2016. This increase of the credit facility will contribute to support the continued growth of IOU Financial's business. About IOU Financial Inc. IOU Financial, via its U.S....
2014-12-22 6:01 PM EST
IOU Financial Inc.'s Results for the Three and Nine Month Period Ended September 30, 2014
Montreal, Quebec--(Newsfile Corp. - November 20, 2014) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company"), a leading online lender to small businesses, announced today its results for the three and nine month period ended September 30, 2014. Loan originations of US$66.2 million for the nine month period ended September 30, 2014 represent an increase of 92% over loan originations of US$34.4 million for the same period last year. On September 30, 2014, IOU Financial's commercial loans receivable amounted to...
2014-11-20 5:54 PM EST
IOU Financial Announces a Change of Auditors
Montreal, Quebec--(Newsfile Corp. - November 12, 2014) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company") today announced that it has changed its auditors from BDO Canada LLP (the "Former Auditors") to PricewaterhouseCoopers LLP ("PwC") effective November 12, 2014. PwC is one of the world's largest professional services firms with more than 161,000 professionals in 154 countries and is a key player in the financial services industry in Canada, North America and globally. At the request of the Company,...
2014-11-12 5:04 PM EST
IOU Financial Enters into a New Sublease for its Montreal Head Office
Montreal, Quebec--(Newsfile Corp. - October 1, 2014) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company") today announced that it has entered into a new twelve-year Sublease agreement with Palos Management Inc. ("Sublease") for the rental of new premises located on the 16th floor of Place Ville-Marie, Montreal, Canada. "We are looking forward to moving our Montreal head office into these new premises in April 2015", said Philippe Marleau, Chief Executive Officer. "The current space rented by IOU...
2014-10-01 6:37 PM EDT
IOU Financial Enters into Agreement with O'Leary Ventures
Montreal, Quebec--(Newsfile Corp. - September 26, 2014) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company"), parent of IOU Central Inc. ("IOU Central"), an online lender to small businesses, today announced that it has entered into an Endorsement and Licensing Agreement with O'Leary Ventures Corporation ("O'Leary"). The intent of the agreement is to drive brand awareness of the Company's subsidiary IOU Central in the United States as it continues to grow its retail channel. As part of this agreement,...
2014-09-26 6:29 PM EDT