Quebec’s Iceberg Finance has acquired Toronto’s iFinance Canada.
A 25-year veteran in the business, iFinance Canada offers financing options to more than 10,000 service providers across the country. It is recognized for its specialty products targeting medical fields, notably surgeries, and esthetic, dental, capillary, eye care and veterinary services.
With this acquisition, Iceberg Finance expands its portfolio of financing options with 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. By offering consumers a “buy now, pay later” financing solution, it is on an equal footing with the biggest lenders in the industry.
“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.
Already solidly established in Quebec and since last June in Ontario and the Atlantic provinces, the acquisition accelerates Iceberg Finance’s pan-Canadian expansion plans thanks to iFinance Canada’s presence across the country.
Leave a Reply