IOU Financial Sets Internal Loan Originations Record for Q3

IOU Financial is showing no signs of slowing down. The company announced Q3 loan originations of $74.2M on Tuesday, up from $59.M in Q2. Altogether, IOU has originated $192.7M in 2022 so far.

“IOU’s strong Q3 2022 loan originations and progress towards its strategic goals makes us cautiously optimistic about delivering on the high end of our guidance,” said Robert Gloer, President and CEO, in a statement. “IOU Financial continues to execute on its strategy substantially growing loan originations while investing in technology and product innovation.”

The company has projected total originations of $220M – $260M by year end. That would be significantly higher than the $161.5M originated last year.