Iou Financial Inc V.IOU

Financial Services

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.

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Iou Financial Inc > Bullish signals from IOU. Why are they under the radar?

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Comment by Methodon Jul 26, 2021 11:25pm

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RE:Bullish signals from IOU. Why are they under the radar?

letsroll99 wrote: IOU came out of the pandemic in a strong cash position and recently announced they are buying back $1.9M of corporate debentures... why is this a penny stock?

https://news.ioufinancial.com/2021-06-16-IOU-Financial-Announces-the-Repurchase-of-Approximately-1-9-Million-of-Convertible-Debentures

I think it's just under the radar. We get the next look on origination growth at the end of August. Breakeven is around $15m/month in originations and they guided above that for the back half effectively. I'm expecting sequential quarterly growth as they are adding account reps and it takes time for them to ramp up.

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