Supported by a banking syndicate led by BMO, Iceberg Finance reached out to financial advisor BMO Mid-Market Mergers & Acquisitions legal advisor, McCarthy Tétrault and tax advisor, Raymond Chabot Grant Thornton. "Our combined assets will propel us into the forefront of specialty financing in Canada." "We are proud to continue to evolve within Iceberg Finance who are known for their robust ecosystem, their rapid growth, and their exclusive and innovative programs," stated Dr. Iceberg Finance's CEO concluded by saying, "The quality and expertise of the team that is joining us will allow us to achieve our pan-Canadian ambitions much more quickly." It boasts more than 150 employees throughout the country. The new group, headquartered in Quebec City, also has offices in Toronto and Vancouver. By offering consumers a "buy now, pay later" financing solution, it is on an equal footing with the biggest lenders in the industry.Īlready solidly established in Quebec and since last June in Ontario and the Atlantic provinces, Iceberg Finance is accelerating its conquest of the Canadian market thanks to iFinance Canada's presence throughout the country. In fact, Iceberg Finance has expanded its portfolio of financing options via its access to iFinancePay's™ platform which can issue virtual credit cards in real time to make online and in-store purchases, as well as point of sale financing. "This acquisition doubles our business volume and enables us to now offer a more diverse array of specialty financing programs to Canadians from sea to sea," stated President and CEO of Iceberg Finance, Réal Breton. iFinance Canada gives Canadian consumers access to services for which conventional financing is often inaccessible or inadequate. It is recognized for its specialty products targeting medical fields, notably surgeries, and esthetic, dental, capillary, eye care and veterinary services. With the conclusion of this major transaction, Iceberg Finance becomes one of the top ten players in Canada's specialty financial services industry.Ī 25-year veteran in the business, iFinance Canada offers financing options to more than 10,000 service providers across the country.
celebrated its tenth anniversary by confirming its acquisition of all shares that are in circulation or have been issued by iFinance Canada, a FinTech company headquartered in Toronto. QUEBEC, Ap/CNW Telbec/ - Iceberg Finance Inc.
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