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Iou Financial Inc C.IOU


Primary Symbol: V.IOU

IOU Financial Inc. is a wholesale lender that provides access to growth capital to small businesses through a network of preferred brokers across the United States. The Company has built IOU360 technology platform that connects underwriters, merchants and brokers in real time. Its IOU Financial platform connects to dozens of data sources, aggregating and automatically processing hundreds of data points on a business in seconds. It also operates a commercial lending brokerage business through its wholly owned subsidiary, ZING Funding. The Company sells substantially all loans that it originates to institutional purchasers and retains the right to service those loans on behalf of the purchasers in exchange for servicing fees based on collections. Its customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies.


TSXV:IOU - Post by User

Comment by GeorgeBasseton Jun 29, 2018 11:51am
117 Views
Post# 28251671

RE:RE:RE:RE:RE:I really like this company.

RE:RE:RE:RE:RE:I really like this company. Management's plan is clearly on track for success here, mainly based on profitability. Once net revenues reach their full potential, loans processed with MCC will be minimal. I also like how they responsibly increased the quality of loan originations instead of growing the top line at all expense. With rates going up, IOU could become a trusted, valuable player in this growing industry, shall they prove to be consistent in their execution quality... enjoy.
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