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  • Everyday People Financial (EPF) will acquire 100 per cent of the issued and outstanding shares in the capital of General Credit Services
  • General Credit serves enterprise clients who require accounts receivable management, collections and bill presentment, and payment management solutions
  • Everyday People (EPF) is a financial technology and consumer financing company
  • Everyday People Financial Corp. (EPF) was up 8.00 per cent, trading at $0.27 per share as of 3:35 pm ET

Everyday People Financial (EPF) will acquire 100 per cent of the issued and outstanding shares in the capital of General Credit Services.

The company will acquire General Credit shares in exchange for a $100,000 cash payment to shareholders. Every Day People will also pay $5,244,455 in cash and issue 1,781,485 common shares to shareholders on the closing date.

General Credit serves enterprise clients who require accounts receivable management, collections and bill presentment, and payment management solutions. This includes banks and other financial institutions, telecom and utility companies, property management and construction firms, governments, healthcare providers, transportation, and logistics businesses.

Everyday People (EPF) 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 its technology-driven ecosystem, its alternative and specialty credit financing programs offer credit and payment cards, prepaid card programs, homeownership facilitation, consumer lending, and payment management services.

Everyday People Financial (EPF) was up 8.00 per cent, trading at $0.27 per share as of 3:35 pm ET.


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