QUEBEC, April 19, 2022 /CNW Telbec/ – Iceberg Finance Inc. celebrated its tenth anniversary by confirming its acquisition of all shares which can be in circulation or have been issued by iFinance Canada, a FinTech firm headquartered in Toronto. With the conclusion of this main transaction, Iceberg Finance turns into one of many prime ten gamers in Canada’s specialty monetary companies trade.
A 25-year veteran within the enterprise, iFinance Canada provides financing choices to greater than 10,000 service suppliers throughout the nation. It’s acknowledged for its specialty merchandise focusing on medical fields, notably surgical procedures, and esthetic, dental, capillary, eye care and veterinary companies. iFinance Canada offers Canadian customers entry to companies for which standard financing is usually inaccessible or insufficient.
“This acquisition doubles our enterprise quantity and permits us to now provide a extra various array of specialty financing packages to Canadians from sea to sea,” said President and CEO of Iceberg Finance, Réal Breton.
In truth, Iceberg Finance has expanded its portfolio of financing choices by way of its entry to iFinancePay’s™ platform which may situation digital bank cards in actual time to make on-line and in-store purchases, in addition to level of sale financing. By providing customers a “purchase now, pay later” financing answer, it’s on an equal footing with the largest lenders within the trade.
Already solidly established in Quebec and since final June in Ontario and the Atlantic provinces, Iceberg Finance is accelerating its conquest of the Canadian market due to iFinance Canada’s presence all through the nation. The brand new group, headquartered in Quebec Metropolis, additionally has places of work in Toronto and Vancouver. It boasts greater than 150 staff all through the nation. Iceberg Finance’s CEO concluded by saying, “The standard and experience of the crew that’s becoming a member of us will permit us to realize our pan-Canadian ambitions rather more shortly.”
“We’re proud to proceed to evolve inside Iceberg Finance who’re identified for his or her sturdy ecosystem, their speedy progress, and their unique and revolutionary packages,” said Dr. Ann Kaplan, CEO of iFinance Canada. “Our mixed property will propel us into the forefront of specialty financing in Canada.”
Supported by a banking syndicate led by BMO, Iceberg Finance reached out to monetary advisor BMO Mid-Market Mergers & Acquisitions; authorized advisor, McCarthy Tétrault; and tax advisor, Raymond Chabot Grant Thornton. iFinance Canada used Raymond James Ltd as its monetary advisor.
About Iceberg Finance
Born from the union of 5 famend enterprise personalities (Réal Breton, CEO of Iceberg Finance, Éric Bernier, CEO of ABF, Richard Fortin, Cofounder of Alimentation Couche-Tard, Michel Cadrin, CEO of Groupe Michel Cadrin and Louis Martin, CEO of Ogesco Building), Iceberg Finance first gained credibility within the specialty finance sector by turning into a trusted associate of the car sector due to its revolutionary financing options that had been tailored to shopper wants. Iceberg Finance additionally carved out its place for specialty financing options for the products and companies trade. It acquired accreditation for its vary of value-added merchandise from quite a few associations, notably the Canadian Lenders Affiliation, the CCAQ which represents new automotive dealerships, AMVOQ which represents used automotive dealerships, and ACVLQ which represents leisure car dealerships. Iceberg Finance continues its rise to prominence among the many main gamers in Canada’s specialty financing trade because it enters its second decade of existence.
About iFinance Canada
iFinance Canada, current all through Canada, has been in existence for 25 years. It makes a speciality of financing that’s tailored to the well being sector, particularly surgical procedures, esthetic, dental, capillary and eye care, and veterinary care. iFinance Canada boasts greater than 75 professionals who’ve quite a few years of expertise in any such specialty financing.
SOURCE Iceberg Finance
For additional info: Province of Québec: Réal Breton, President/CEO, Iceberg Finance Inc., [email protected] (418) 563-3587; Different provinces: William Breton, MBA, Vice-president and Chief Working Officer, Iceberg Finance Inc., [email protected], (418) 955-3587, Supply: Stéphane Gasse, Senior Advisor, NATIONAL Public Relations, Tel: 418-648-1233, Cell: 418-265-8056, [email protected]