MONTREAL, 28 September – IOU Financial (TSX-V: IOU), a progressive online lender (IOUFinancial.com) has entered into a partnership with Paysafe (PAYS: L), a leading global payments provider, to fuel the growth of small businesses in North America.
The partnership, which covers the U.S. and Canada, will combine both companies’ market expertise and services to provide small businesses with capital management solutions through their respective lending and processing platforms.
Paysafe is a leading provider of digital payments and transaction-related solutions for businesses. With two decades of experience, the company offers a suite of integrated payment solutions to business software providers with the Group’s payment processing business managing more than $20bn worth of payments annually. These solutions improve merchant’s day-to-day efficiency and profitability.
Headquartered in Montreal, Canada and with its North American operations centre based in Atlanta, Georgia, IOU Financial provides merchants with the access to the capital they need to grow effectively and fast through its small business loans. Its client base includes medical and dental practices, grocery and retail stores, personal fitness and spas, restaurant and hotel franchises and e-commerce companies.
“Today’s small businesses are becoming more sophisticated and searching for partners that provide comprehensive capital management solutions,” commented Robert Gloer, President and COO at IOU Financial. “We are excited to partner with Paysafe. We provide the capital to help businesses grow and Paysafe delivers upon their payment processing needs. This is a synergistic relationship to provide a suite of capital management solutions.”
Danny Chazonoff, Chief Operating Officer at Paysafe, added: “The number of small businesses that process payments and sell online in North America is constantly growing and it’s important for businesses to choose the right partners to help support their cash flow management and revenue growth. Through our partnership with IOU Financial, we aim to educate small businesses on the benefits and value of selecting the right partners for their needs with the objective of fuelling the growth of their business.”
For more information on this partnership, please visit: https://ioufinancial.com/paysafe/
About IOU Financial
IOU Financial 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, restaurant and hotel franchisees and e-commerce companies. 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 $150,000 and $100,000 to qualified US and Canadian applicants within a few business days, with affordable charges favourable to cash-flow management. Its speed and transparency make IOU Financial a trusted alternative to banks. To learn more visit: IOUFinancial.com.
Christophe Choquart, VP Business Development and Strategic Partnerships
Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe is redefining payments by enabling fast, convenient and secure ways to pay before, pay now and pay later through its digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services. We believe that every point of every payment should be relevant, simple and secure. With two decades of experience, Paysafe is trusted by merchants, and by consumers in more than 200 countries and territories, to move and manage money through more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe’s brand portfolio includes NETELLER® and Skrill®, MeritCard, paysafecard®, payolution®, Income Access and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com
Anna Howard, Head of Corporate Communications, Paysafe Group plc
Tel: +44 (0) 20 3826 9822