IOU REPORTS Q2 2022 FINANCIAL RESULTS
Servicing and fee revenue of $4.5 million in Q2 2022, representing an increase of 14.8% over Q1 2022 (and an increase of 110.3% over Q2 2021).
- Servicing and fee revenue of $4.5 million in Q2 2022, representing an increase of 14.8% over Q1 2022 (and an increase of 110.3% over Q2 2021).
- MONTREAL, Aug. 26, 2022 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today its results for the three- and six-month periods ended June 30, 2022.
- Previous product innovations include the IOU Financial Cash-Back Loan launched in August 2021, and the IOU Financial 24-Month Loan launched in November 2021.
- Servicing and Fee revenue: Servicing and fee revenue increased 110.3% to $4.5 million Q2 2022 over Q2 2021 and increased 120.3% (2022: $8.4 million) for the six-month period ended in 2022 compared to the same period in 2021.