First Creditors' sale of iFinance Canada to Quebec-based Iceberg Finance

First Creditors Inc. sold all shares of iFinance Canada to Inc. to Quebec-based Iceberg Finance Inc. in a deal that closed on April 4, 2022.

The acquisition doubled Iceberg Finance’s business volume and secured its spot in the top 10 players in Canada's specialty financial services industry, according to a press release.

Headquartered in Toronto, iFinance Canada offers consumer loans for cosmetic and dental procedures, and other small ticket items related to pets and home improvements.

Iceberg Finance Inc. is a FinTech company offering alternative financing solutions in the automotive, insurance products, extended warranties and personal loans sectors.