2022-05-04 | TSXV:IOU | Press Release

Foremost online financial institution recognized for supporting modest organizations via the COVID-19 pandemic and for its solid functionality in the restoration.

ATLANTA, Ga., May perhaps 4, 2022 /PRNewswire/ – IOU Economical INC. (“IOU” or “the Business”) (TSXV: IOU), a major on-line lender to compact enterprises (IOUFinancial.com), announced today it has been named winner of the Silver Stevie&circledR Award for “Achievement in Finance” at the 20th Once-a-year American Business enterprise Awards&circledR.

IOU’s award nomination was primarily based on the good results of its Pandemic Resilience Prepare enabling its groups to immediately changeover to a 100% distant workforce, as effectively as the solid progress the Business has revealed due to the fact utilizing its Publish-Pandemic Development Prepare in 2021.

“We are happy to be recognized for the resilience our groups and associates showed all through the pandemic and for the strong progress in financial loan originations we are reaching in the course of the recovery” stated Robert Gloer, President and CEO.

The Company’s Pandemic Resilience Strategy closely leveraged the agility of the IOU360 technology system to hook up brokers, retailers and IOU staff users in true time. It supported a completely remote workforce and authorized IOU to avoid any interruption in services through the pandemic. In 2021 the Business outlined its Article-Pandemic Expansion Approach concentrated on three strategic spots in innovation: technological know-how, solutions and distribution.

“American firms have thrived in the face of hardship and have tailored to the requires of their workforce,” explained Stevie Awards President, Maggie Miller. “What makes IOU Fiscal stand out is their Pandemic Resilience Program to continue supporting little company house owners although adapting their functions to the new disorders in the course of the Pandemic,” included 1 Decide. “Top rated money overall performance all through a pandemic is worthy of commendation and the capability of the workforce to swiftly transition to hybrid work was a major optimistic,” added a further Decide.

The American Organization Awards are the U.S.A.’s leading business enterprise awards system. Additional than 3,700 nominations were being thought of from businesses of all sizes and in just about every single sector, for a large vary of categories which include Startup of the Yr, Very best New Product or service or Provider of the Year, App of the Yr, and Achievement in Finance. Far more than 240 professionals worldwide acted as judges and their ordinary scores determined the winners.

“Ultimately we are influenced by the courage and resilience of American compact company entrepreneurs,” concluded Gloer. “Fueling the expansion of tiny organization – in complicated occasions and in good times – is what defines our purpose as a accountable lender.”

IOU Money a short while ago documented its 2021 Money Effects, highlighting file loan originations displaying 90.3% calendar year/year growth, a return to profitability on an once-a-year IFRS foundation, and updates on its Article-Pandemic Development Program.

About IOU Money Inc.

IOU Monetary Inc. is a wholesale loan company that provides fast and simple obtain to progress money to smaller businesses as a result of a network of most popular brokers throughout the US and Canada. Crafted on its proprietary IOU360 engineering system that connects underwriters, merchants and brokers in serious time, IOU Money has turn out to be a dependable alternate to financial institutions by originating in excessive of US$1 billion in loans to fund tiny business enterprise advancement given that 2009. IOU trades on the TSX Undertaking Exchange below the image IOU (TSXV: IOU), and on the US OTC markets as IOUFF. To master extra about IOU Financial’s corporate historical past, fiscal products, or to join our broker network remember to stop by www.IOUFinancial.com.

Ahead Looking Statements

Sure data set forth in this news release may possibly contain ahead-wanting statements that entail considerable recognised and mysterious dangers and uncertainties. These ahead-seeking statements are subject to several dangers and uncertainties, certain of which are past the manage of IOU including, but not confined to, the impact of normal financial ailments, sector circumstances, dependence on regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of acquiring added funding. Readers are cautioned that the assumptions utilized in the preparation of this sort of details, despite the fact that viewed as sensible at the time of planning, may well confirm to be imprecise and, as these types of, undue reliance must not be placed on ahead-on the lookout statements. IOU does not think any obligation to update or revise its forward-on the lookout statements, regardless of whether as a result of new information, potential events, or usually.

Neither TSX Undertaking Exchange nor its Regulation Providers Company (as that term is described in guidelines of the TSX Enterprise Exchange) accepts accountability for the adequacy or accuracy of this launch.

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Resource IOU Economical Inc.