Iceberg Finance joins the list of major FinTech companies in Canada

QUEBEC, April 19, 2022 /CNW Telbec/ – Iceberg Finance Inc. celebrated its tenth anniversary by confirming its acquisition of all shares that are in circulation or have been issued by iFinance Canada, a FinTech corporation headquartered in Toronto. With the summary of this big transaction, Iceberg Finance results in being a single of the top 10 gamers in Canada’s specialty economical services industry.

A 25-calendar year veteran in the organization, iFinance Canada features financing selections to far more than 10,000 support companies throughout the nation. It is acknowledged for its specialty items concentrating on health-related fields, notably surgeries, and esthetic, dental, capillary, eye treatment and veterinary expert services. iFinance Canada gives Canadian customers accessibility to companies for which regular financing is generally inaccessible or inadequate.

“This acquisition doubles our business enterprise quantity and permits us to now present a a lot more various array of specialty funding packages to Canadians from sea to sea,” stated President and CEO of Iceberg Finance, Réal Breton.

In fact, Iceberg Finance has expanded its portfolio of financing options by using its obtain to iFinancePay’s™ platform which can issue digital credit rating playing cards in genuine time to make on line and in-retail outlet purchases, as nicely as issue of sale financing. By featuring customers a “purchase now, pay back later” funding remedy, it is on an equivalent footing with the largest lenders in the market.

Currently solidly set up in Quebec and considering that past June in Ontario and the Atlantic provinces, Iceberg Finance is accelerating its conquest of the Canadian marketplace thanks to iFinance Canada’s existence all over the state. The new group, headquartered in Quebec Metropolis, also has workplaces in Toronto and Vancouver. It boasts much more than 150 personnel through the country. Iceberg Finance’s CEO concluded by saying, “The top quality and knowledge of the staff that is becoming a member of us will enable us to obtain our pan-Canadian ambitions a great deal far more speedily.”

“We are very pleased to proceed to evolve in just Iceberg Finance who are identified for their strong ecosystem, their swift growth, and their unique and modern applications,” said Dr. Ann Kaplan, CEO of iFinance Canada. “Our put together assets will propel us into the forefront of specialty financing in Canada.”

Supported by a banking syndicate led by BMO, Iceberg Finance arrived at out to money advisor BMO  Mid-Current market Mergers & Acquisitions authorized advisor, McCarthy Tétrault and tax advisor, Raymond Chabot Grant Thornton. iFinance Canada utilised Raymond James Ltd as its fiscal advisor.

 About Iceberg Finance

Born from the union of five renowned 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 Design), Iceberg Finance very first received trustworthiness in the specialty finance sector by getting to be a reliable lover of the vehicle sector many thanks to its progressive financing solutions that ended up tailored to purchaser requirements. Iceberg Finance also carved out its place for specialty financing methods for the goods and services marketplace. It obtained accreditation for its vary of worth-added merchandise from various associations, notably the Canadian Creditors Association, the CCAQ which represents new car dealerships, AMVOQ which signifies made use of automobile dealerships, and ACVLQ which represents leisure car or truck dealerships. Iceberg Finance carries on its rise to prominence amid the key gamers in Canada’s specialty financing field as it enters its 2nd ten years of existence.

About iFinance Canada

iFinance Canada, present in the course of Canada, has been in existence for 25 several years. It specializes in financing that is adapted to the overall health sector, especially surgical procedures, esthetic, dental, capillary and eye care, and veterinary treatment. iFinance Canada features extra than 75 industry experts who have various yrs of experience in this variety of specialty financing.

Resource Iceberg Finance

For further details: Province of Québec: Réal Breton, President/CEO, Iceberg Finance Inc., [email protected] (418) 563-3587 Other provinces: William Breton, MBA, Vice-president and Chief Running Officer, Iceberg Finance Inc., [email protected], (418) 955-3587, Supply: Stéphane Gasse, Senior Consultant, National Public Relations, Tel: 418-648-1233, Cell: 418-265-8056, [email protected]