Welcome to our dedicated page for Everyday People news (Ticker: EPFCF), a resource for investors and traders seeking the latest updates and insights on Everyday People stock.
Everyday People Financial Corp. (EPFCF) provides investors and stakeholders with timely updates on its financial services innovations, strategic acquisitions, and revenue cycle management advancements. This page aggregates official press releases, earnings reports, and operational developments from the Canadian-based company known for empowering individuals through accessible credit solutions.
Visitors gain access to a centralized hub tracking EPFCF’s progress in key areas: debt collection efficiency, tailored credit programs, and technology-driven financial literacy initiatives. The curated newsfeed includes updates on partnerships, regulatory milestones, and service expansions across its core markets in North America and the UK.
Key content categories feature quarterly financial results, leadership announcements, and insights into the company’s fee-for-service model. Subscribers and frequent visitors benefit from transparent reporting on EPFCF’s dual focus—strengthening client financial health while optimizing receivables management through strategic acquisitions.
Bookmark this page for streamlined access to verified information about Everyday People’s evolving role in the financial services sector. Regular updates ensure stakeholders remain informed about developments impacting the company’s market position and service offerings.
Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced executive leadership changes to support growth across its two core business platforms. The reorganization focuses on:
Revenue Cycle Management (RCM): Barret Reykdal becomes Co-CEO overseeing North American operations, while Graham Rankin continues as Co-CEO for UK operations. The RCM division helps organizations manage receivables without purchasing consumer debt.
Financial Services: Tyler Hatch, former COO of Financial Services, is appointed Co-CEO of this division, which provides digital payment products and credit access programs. Hatch played a key role in establishing the company's Health Spending Account program and strategic partnership with an Alberta health benefits administrator.
The restructuring aims to scale the company's capital-light business model while maintaining its commitment to ethical, customer-first financial solutions.
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.
