About IOU Financial
IOU Financial is a company based in Kennesaw (United States) founded in 2006.. IOU Financial offers products and services including Small Business Loans, Term Loans, and Renewal Loans. IOU Financial operates in a competitive market with competitors including Nav, Figure, Fundbox, eCapital and SellersFi, among others.
- Headquarter Kennesaw, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Iou Financial Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
MidCap Financial
& 2 more
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Employee Count
Employee Count
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Products & Services of IOU Financial
IOU Financial offers a comprehensive portfolio of products and services, including Small Business Loans, Term Loans, and Renewal Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides quick funding for business operations and growth
Offers fixed-term financing for specific business needs
Extends existing loans to support ongoing business requirements
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Funding Insights of IOU Financial
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(01 May 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Post-IPO - IOU Financial | Valuation |
investors |
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| Apr, 2018 | Amount | Post-IPO - IOU Financial | Valuation |
investors |
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| Feb, 2018 | Amount | Debt – Conventional - IOU Financial | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IOU Financial
IOU Financial has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include MidCap Financial, Fintech Ventures Fund and Dancap Family Investment Office. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt funds are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Fintech Ventures Fund is focused on supporting fintech startups.
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Founded Year | Domain | Location | |
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A family office managing investments across diverse asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IOU Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - IOU Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iou Financial Comparisons
Competitors of IOU Financial
IOU Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nav, Figure, Fundbox, eCapital and SellersFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business credit monitoring and financing are provided to small owners.
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| domain | founded_year | HQ Location |
Figure is recognized as a leading non-bank HELOC lender in the U.S.
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| domain | founded_year | HQ Location |
Business loans are facilitated via an AI-driven platform.
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| domain | founded_year | HQ Location |
Provider of asset-based, supply chain, and invoice financing solutions
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| domain | founded_year | HQ Location |
Online lending platform for business financing
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| domain | founded_year | HQ Location |
Business loans are matched via an online lending marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iou Financial
Frequently Asked Questions about IOU Financial
When was IOU Financial founded?
IOU Financial was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Where is IOU Financial located?
IOU Financial is headquartered in Kennesaw, United States. It is registered at Kennesaw, Georgia, United States.
What does IOU Financial do?
IOU Financial is a US based provider of working capital loans to small businesses. It offers fixed interest loans from 5,000 to 150,000 for a loan tenure of 6,9 or 12 months with a personal guarantee of the borrower. It has, so far, offered loans of 200M to a range of businesses like medical, dental, grocery and retail for purposes such as expansion, inventory building, purchases etc.
Who are the top competitors of IOU Financial?
What products or services does IOU Financial offer?
IOU Financial offers Small Business Loans, Term Loans, and Renewal Loans.
Who are IOU Financial's investors?
IOU Financial has 3 investors. Key investors include MidCap Financial, Fintech Ventures Fund, and Dancap Family Investment Office.
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