IOU Financial is a leading online lender specialized in helping small businesses with healthy cash flow. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and ecommerce companies. IOU Financial provides a unique approach to lending through an advanced, automated application and approval system. This accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends, and makes small business loans of up to $150,000 to qualified applicants in only 24-48 hours. IOU Financial is publicly traded on the Canadian stock exchange. (TSX-V: IOU).
PRODUCTS & SERVICES:
Working Capital Loans provider for SMEs.
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DATE OF LAST FUNDING:
SEED & PRIOR FUNDING:
SEED CLOSED ON:
Conventional Debt: $20 M(Feb 2018) and Post IPO: $729 K(May 2016)