Fintech
Everyday People Financial Commences Trading on the TSXV Under the Symbol “EPF” and Virtually Opens the Market Today
- Everyday People’s innovative financial programs bring affordable access to credit for everyday people
- Operating in Canada since 2014 and in the United Kingdom since 2019, and with a company established in 2006, Everyday People’s public debut is anticipated to accelerate geographic expansion
- Diversified suite of consumer financial services provides clients with a full suite of financial solutions for life’s events, big or small
- Building a differentiated digital financial ecosystem to serve the underserved credit consumer while creating a win-win for Everyday People and its program partners
Edmonton, Alberta–(Newsfile Corp. – September 8, 2022) – Everyday People Financial Corp. (TSXV: EPF) (formerly, Justify Capital Corp., a capital pool company) (“Everyday People” or the “Company“), a financial technology and consumer financing company, is pleased to announce that the Company will virtually ring the opening bell on the TSX Venture Exchange (“TSXV“) and its common shares will commence trading on the TSXV under the symbol “EPF” today.
“Our TSXV listing delivers on another important milestone for the Company as we roll out our unique and innovative approach to providing more accessible and fairer financial programs to customers in Canada and the UK,” said Barret Reykdal, Chief Executive Officer of Everyday People. “This listing will give us greater access to capital so that we can continue to grow and help everyday people become their best financial selves through access to credit, prepaid programs, instant payments, and the opportunity for homeownership. I am incredibly proud of our team who has been working diligently to bring us to this next stage of growth.”
Everyday People is unique because the Company has a different way of evaluating a borrower. The Company’s customer centric approach helps hard-working everyday people get ahead in their lives sooner through alternate methods of evaluating risk and the ability to pay, along with creating innovative fit-for-purpose financial programs. Combined with unique data insights, Everyday People is able to offer customers lower cost alternatives and financial solutions that would not otherwise exist. This allows the Company to serve critical borrowing moments with products designed to meet various life stages and life events.
The listing of the common shares of Everyday People follows the completion of its Qualifying Transaction, as such term is defined under the policies of the TSXV, on August 31, 2022.
Key Investment Highlights
- Large underserved market: targeting the underserved consumers when and where they need it most, using fair and equitable fit-for-purpose and affordable credit solutions.
- Differentiated business model: earns revenue for facilitating loan and credit products and financing on behalf of program partners. Maintains a tech-enabled ecosystem of B2B partners and clients, allowing for lower borrower acquisition costs.
- Digital platform technology: credit and payment card platform and roadmap in place with a digital experience developed with bank partners; this platform is expected to provide convenient and engaging access to a complete portfolio of financial services.
- Unique data-driven decision making: a proprietary method of determining borrowers’ risk profiles through unique data and by applying years of experience in adjudication, allowing for more affordable options for underserved consumers.
- Synergistic product portfolio: a portfolio of complementary products expanding through innovation and strategic acquisitions, gaining a greater share of the market by identifying customer needs across business lines.
- Strong customer lifetime value: build strong loyalty and relationships by capturing customers early in their borrowing lifecycle, serving critical borrowing moments with a full product suite that meets a consumer’s various life events and stages.
How We’re Helping Everyday People
- Everyday People’s health financing division, EP Care, allows health and wellness patients an affordable payment plan to take care of health expenses when insurance coverage is lacking or isn’t enough.
- The Bridge to Homeownership™ program allows homebuyers, such as young professionals, who don’t have the money for a down payment to acquire a newly built home for their family. The program enables home ownership while still preparing for mortgage qualification using a lease and savings plan through the Company’s community of partner home builders.
- Everyday People’s secured credit card program gives everyday people, such as new immigrants or those with no credit history, the ability to build their credit affordably at lower rates.
- Prepaid card programs help everyday people gain more control over their spending, whether for travel or personal expenses.
The Company is continuously developing its platform technology to support its credit financing ecosystem, creating a cross-platform data and analytic insights, CRM technology, and loan management and operating system in partnership with a Schedule 1 bank. Everyday People continues to develop its all-in-one mobile app and complementing mobile apps, so that clients can access its entire ecosystem of credit products and financial services through one simple and easy touchpoint.
About Everyday People Financial Corp.
Everyday People is a financial technology and consumer financing company founded on the belief that everyone deserves access to credit, instant payments and the opportunity for homeownership. Through our technology driven ecosystem, our alternative and specialty credit financing programs offer credit and payment cards, prepaid card programs, homeownership facilitation, consumer lending, and payment management services. Our mission is to help our clients be their best financial selves and our goal is to offer the kinds of credit products and services that help everyday people add extraordinary value to their everyday lives. For more information visit: www.everydaypeoplefinancial.com.
For further information, please contact:
Barret Reykdal
Chief Executive Officer
[email protected]
1 888 825 9808
Caroline Sawamoto
Investor Relations
[email protected]
1 888 825 9808
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain “forward-looking statements” or “forward-looking information” (collectively referred to hereafter as “forward-looking statements”) under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the business, plans and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company as well as other risks and uncertainties, including those described in the filing statement of the Company dated July 27, 2022, which is available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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