IOU Financial Inc.
IOUFF
Other OTC0.16
USD
+0.01
- -
CIK
0001690646
Return %
Stock
S&P500
1Y
26.59
19.25
3Y
169.97
65.11
5Y
-8.21
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Robert Gloer
- Full Time Employees
- 83
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 1 Place Ville-Marie Montreal QC Canada H3B 2B6
- IPO Date
- Jul 17, 2013
- CIK
- 0001690646
- Website
- ioufinancial.com
- Similar Companies
- Business
- IOU Financial Inc. (IOUFF) operates as an online lender providing working capital loans to small businesses primarily in the United States and Canada through a proprietary technology platform that enables rapid underwriting and funding within 24 hours; its core products include merchant cash advances and term loans ranging from $5,000 to $1.5 million with terms of 6 to 24 months and fixed daily, weekly, biweekly or monthly payments, targeting sectors such as medical and dental practices, grocery and retail stores, restaurants, salons, gas stations, auto repair shops and e-commerce companies. Founded in 2009 and headquartered in Montreal, Quebec, with key U.S. operations in Kennesaw, Georgia, the company has originated over $1.8 billion in loans comprising more than 11,000 transactions since inception, generating revenue from interest, fees, loan sales to institutional purchasers including hedge funds, and servicing fees on securitized debt portfolios. In October 2023, IOU Financial completed its acquisition by a investor group comprising funds managed by Neuberger Berman, Palos Capital and Fintech Ventures Fund at C$0.22 per share via a statutory plan of arrangement, transitioning to private ownership to support expanded market opportunities and long-term growth; recent developments include recognition as one of American Banker's 50 Best Places to Work in Fintech for 2025, the appointment of Kimberley Haffey as VP Sales in May 2023 to bolster business development ahead of growth cycles, and strategic underwriting adjustments with a 300 basis point pricing increase implemented in early 2023 that drove sequential improvements in Q2 2023 loan originations, servicing revenue and adjusted operating expenses.
Neuberger Berman, Palos Capital and FinTech Ventures Complete Acquisition of IOU Financial
IOU Financial Inc. Obtains Final Order Approving Plan of Arrangement
IOU Financial Inc. Announces Voting Results of Special Meeting of Shareholders
IOU Financial Inc. Files Management Information Circular for Special Shareholders' Meeting
IOU Financial Inc. Calls Special Shareholders' Meeting for Going-Private Transaction
IOU Financial Reports Results of its Annual Shareholders' Meeting