MONTRÉAL, Oct. 11, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or "the
Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that it has funded more than US$600 million in
financing to thousands of merchants and small businesses across the United States and
Canada since December 2009.
"US$600 million in originations is a significant milestone that we are incredibly proud of, and
a testament to the strength of our team, the power of our technology, and our reputation in the industry. As we continue to
pursue opportunities to grow and expand our market share, we look forward to continuing to serve the working capital needs of
hard-working North American merchants and small business owners," said Phil Marleau, CEO of IOU
Financial.
About IOU Financial Inc.
IOU Financial Inc. provides small businesses throughout the U.S. and Canada access to the
capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and
retail stores, salons, gas stations, auto repair shops, and restaurants. In a unique approach to lending, the IOU Financial
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 US$300,000 to qualified U.S. applicants
($100,000 in Canada) within a few business days, with affordable
charges favorable to cash-flow management. Its speed and transparency make IOU Financial a trusted alternative to banks. To learn
more visit: 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 Financial 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 Financial does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE IOU Financial Inc.
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