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Overview of Everyday People Financial Corp. (EPFCF)
Everyday People Financial Corp. is a Canadian-based financial services provider committed to delivering innovative financial solutions that empower everyday individuals to rebuild their financial health. With a strong focus on revenue cycle management and accessible credit products, the company harnesses advanced technology and industry expertise to offer cost-effective, customer-centric services designed to meet a range of financial needs.
Business Model and Core Operations
The company operates through distinct business segments that reflect its strategic vision and operational excellence. One key pillar is Revenue Cycle Management (RCM), where Everyday People consolidates longstanding expertise from entities with over 75 years of combined operational history within the United Kingdom and Canada. This division offers end-to-end receivables management, debt collection services, and client-focused collection solutions that are enhanced by affordability assessments and tailored payment plans. Through meticulous customer evaluations and innovative technology, the company ensures long-term client relationships and effective financial recovery.
Another critical segment is its Financial Services division, which operates on a fee-for-service model. This division provides a portfolio of services including credit facilitation, customized payment card and credit access programs, and financial literacy initiatives. By designing products that address the challenges of affordable credit and responsible borrowing, this segment helps consumers access credit solutions that match their financial needs while promoting long-term financial wellness.
Historically, the company also operated a dedicated homeownership division, where it tailored programs to make owning a home an achievable goal for diverse clientele. Recent strategic realignments have transitioned this division toward a fee-based, non-leveraged model through innovative programs like the Borrowed Down Payment Program. This transition has streamlined the business, integrating its operations more closely with the broader goal of providing accessible financial services.
Market Position and Competitive Landscape
Everyday People is positioned within a competitive financial services landscape that demands a balance of innovation and cost efficiency. By leveraging strategic acquisitions, the company has expanded its capabilities and client base, integrating diverse business units under a unified operational framework. Its approach to enhancing revenue cycle management through technology-driven solutions, combined with a robust fee-for-service model in financial services, differentiates it from conventional providers who may not place as heavy an emphasis on integrated affordability assessments and tailored credit programs.
Technological Innovation and Industry Expertise
At the heart of Everyday People’s success is its commitment to innovation. The company employs leading-edge technologies to ensure seamless processes in debt collection, receivables management, and credit facilitation. Advanced digital systems, in conjunction with expert analyses, empower the company to deliver services that adapt to the evolving needs of its clients. This synergy between technology and financial expertise also streamlines operations, reduces costs, and supports sustainable business practices.
Client-Centric Strategies and Operational Excellence
Everyday People emphasizes a client-centric approach, where service quality and financial empowerment are paramount. The company’s programs are thoughtfully designed to offer flexible, affordable credit options backed by financial literacy support. Comprehensive vulnerability and affordability assessments, initiated as early as 2008 in some regions, help set up payment plans that align with clients’ cash flows and financial commitments. This systematic approach has led to enduring partnerships that benefit both the clients and the company’s collection partners.
Conclusion
Everyday People Financial Corp. stands out in the financial services sector as an enterprise that combines decades of industry experience with strategic innovation to create value through integrated revenue cycle management and accessible financial services. By focusing on long-term client relationships, leveraging technology, and continuously refining its business model through strategic acquisitions and internal realignments, the company presents a sustainable, evergreen profile that addresses the perennial challenge of affordable credit and effective financial management.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced a strategic partnership with an established Alberta-based health benefits administrator, effective March 25, 2025. The unnamed partner has over 30 years of experience and has managed claims for more than 300,000 individuals.
The partnership focuses on scaling Everyday People's proprietary Health Spending Account (HSA) Mastercard platform across Canada. The agreement enables joint marketing and management of HSA benefit plans through a co-branded prepaid Mastercard solution, supported by Everyday People's program management services and technology infrastructure.
The company targets a market of 8-9 million working Canadians, noting that the initiative requires no capital to scale while driving significant net margins. The partnership is currently active and aligns with Everyday People's strategy to expand its digital financial services.
Everyday People Financial Corp. (EPFCF) has achieved a significant debt reduction of $14.9 million between July 2024 and February 2025, resulting in annualized interest savings of $1.7 million. The reduction came from two main sources:
1. The EP Homes business line transition led to a $8.3 million debt reduction (73% decrease) through inventory sales, dropping from $11.4M to $3.1M, saving $1.0M in annual interest.
2. Financial Services settlement agreements resulted in a $6.6 million debt reduction with $720,000 in annual interest savings.
The company announced plans to apply for uplisting from TSXV to TSX, aiming to increase visibility and market access. Additionally, the Board approved 570,000 RSUs for officers and management, vesting one year from grant date.
Everyday People Financial Corp. (EPFCF) reports significant expansion in its Revenue Cycle Management (RCM) business, with five existing key client relationships expanded and three new client relationships established since Q2 2024. This growth follows the strategic acquisitions of General Credit Services, Groupe Solution Collect Solu, and Everyday People Financial Solutions.
The expanded client base represents a 70% increase in RCM clients, building on the recent CCS Group Holdings acquisition in November 2024. While specific client details remain confidential, these performance-based relationships are expected to generate substantial revenue growth based on historical performance.
The company also reports the issuance of 120,000 common shares through RSU redemptions, bringing total outstanding shares to 118,654,361.
Everyday People Financial reported strong Q3 2024 financial results with significant growth across key metrics. Revenue increased 89% to $17.8 million for Q3 and 71% to $48.3 million for the nine months ended September 30, 2024. The company turned from a loss to profit, with Q3 net income before tax of $1.6 million, up 451% year-over-year. Adjusted EBITDA grew 172% to $3.1 million in Q3 and 231% to $8.6 million for the nine-month period. The company expects a record profitable finish to 2024 and stronger performance in 2025, supported by the CCS Group Holding acquisition.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has completed the acquisition of CCS Group Holdings through its subsidiary BPO Collections The transaction involves a total cash payment of C$4,473,563, with C$4,247,625 paid at closing and C$225,938 held back for 90 days. Additionally, 2,233,565 common shares were issued at C$1.00 per share.
The deal includes a deferred payment of C$711,703 over 2 years and potential performance-based payments of up to C$711,703. The acquisition is funded through equity and debt, including a C$6.0 million bank loan with a 5-year term. CCS, founded in 1988, provides debt collection services in the UK and is regulated by the Financial Conduct Authority.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced that its subsidiary, BPO Collections , will acquire CCS Group Holdings for approximately C$8.4 million. The acquisition includes a cash payment of C$5.4 million and the issuance of 2,233,564 Everyday People shares. CCS Group, founded in 1988, provides debt collection services in the UK and is regulated by the Financial Conduct Authority.
To fund the acquisition, BPO has secured a C$6.0 million (£3.3 million) loan from a leading UK bank with a 5-year term. The company expects CCS to contribute an annual EBITDA of C$1.1 million to C$1.4 million. The acquisition is set to close on October 29, 2024, subject to regulatory approvals.
Additionally, Everyday People has issued 969,257 common shares from RSU redemptions and appointed Maureen Griffiths as the new Corporate Secretary.
Everyday People Financial Corp. (TSXV: EPFCF) reported strong financial results for Q2 and H1 2024. Revenue increased 63% to $30.6 million in H1 2024, while net income before tax grew 212% to $2.0 million. Adjusted EBITDA surged 277% to $5.5 million. The company also reduced long-term debt by $2.5 million in H1 2024.
Key highlights include:
- Q2 2024 revenue up 46% to $15.8 million
- Q2 2024 Adjusted EBITDA up 142% to $2.4 million
- Q2 2024 net income before taxes up 192% to $0.6 million
The company's three business pillars - Revenue Cycle Management, EP Financial Services, and EP Homes - all contributed to growth. Everyday People anticipates further debt reduction and strong performance for the remainder of 2024.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) held its annual and special meeting of shareholders on July 25, 2024. The meeting resulted in the following key outcomes:
1. Election of Directors: Seven director nominees were elected to hold office until the next annual meeting.
2. Appointment of Auditors: RSM Canada LLP was reappointed as the Company's auditor.
3. Approval of Omnibus Share Incentive Plan: The plan, which includes options, restricted share units, performance share units, and deferred share units, was ratified and approved by a majority of disinterested shareholders. It sets a maximum of 10% of issued and outstanding common shares for all awards, with a 5,000,000 share limit for Share Units and DSUs.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has appointed Alasdair Skeoch as Chief Operating Officer of its Revenue Cycle Management (RCM) division. The company, a financial services provider, views this appointment as a significant step forward. Graham Rankin, Co-CEO, emphasized Skeoch's extensive experience and track record of success in the industry, stating it will be instrumental in driving accelerated growth of the RCM business line. Gordon Reykdal, Executive Chairman, expressed confidence that Skeoch's leadership and expertise will be invaluable as the company aims to become a global leader in the collection services sector.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced a new business strategy for its EP Homes division. The company aims to eliminate its long-term debt of approximately $11.4 million by the end of 2024 and drive growth through a fee-based, non-leveraged platform. The key component of this strategy is the launch of the Borrowed Down Payment Program (BDPP), which allows qualified homebuyers to borrow up to 5% of their new home's value as a down payment loan.
The BDPP is designed to make homeownership more accessible, offering flexible repayment terms, low interest rates, and no hidden fees or early payment penalties. This shift is expected to reduce the company's overall debt, strengthen its balance sheet, and increase current and future earnings. The new model aligns EP Homes with the company's other business pillars and expands its market potential across Canada.
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