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 originated US$110 million in loans, representing an increase of 66.2% over loan originations of US$66.2 million for the same period last year.

On September 30, 2015, IOU Financial's total loans under management amounted to approximately $89.6 million as compared to $44.5 million for the same period last year, representing an increase of 101% over the same period in 2014. On September 30, 2015, the principal balance of the loan portfolio amounted to $21.1 million compared to $12.3 million for the same period last year, while the principal balance of IOU Financial's servicing portfolio (loans being serviced on behalf of other parties) amounted to approximately $68.5 million compared to $32.2 million for the same period last year.

IOU Financial recorded revenues for the quarter ended September 30, 2015 of $3.8 million versus $1.5 million for the quarter ended September 30, 2014, representing a 159% increase. For the nine month period ended September 30, 2015 IOU Financial recorded revenues of $9.3 million versus $4.3 million for the same period in 2014, representing an increase of 116%.

IOU Financial recorded net financial income before operating expenses for the quarter ended September 30, 2015 of $2.7 million versus $1.3 million for the quarter ended September 30, 2014, representing a 111% increase. For the nine month period ended September 30, 2015 IOU Financial recorded net financial income before operating expenses of $6.5 million versus $3.5 million for the same period in 2014, representing an increase of 87.4%.

The Company closed its third quarter of 2015 with a net loss attributable to common shareholders of $929,100, or $0.02 per share, compared to a net loss of $170,825 or $0.01 per share during the same period of 2014. For the nine month period ended September 30, 2015, IOU Financial had a net loss attributable to common shareholders of $1.84 million or $0.05 per share (2014: $1.0 million or $0.02 per share).

For the quarter ended September 30, 2015, excluding non-recurring expenses that relate to the unsolicited takeover bid for the company, IOU Financial had net income attributable to common shareholders of $151,887. For the nine month period ended September 30, 2015, excluding non-recurring expenses that relate to the unsolicited takeover bid for the company, IOU Financial had a net loss attributable to common shareholders of $671,798.

IOU Financial's financial statements and management discussion & analysis for the quarter ended September 30, 2015 have been filed on SEDAR and are available at www.sedar.com.

About IOU Financial Inc.

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 favourable to cash-flow management. IOU Financial's speed and transparency make it a trusted alternative to banks. To learn more visit: www.ioufinancial.com.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of IOU including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. IOU does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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