iFabric Corp (TSX: IFA, OTCQX: IFABF) just added another layer of flexibility to its financial toolkit. The company has secured a $1.79 million (CAD$2.5 million) unsecured trade finance facility from Ebury Partners Canada Ltd., complementing its existing $8.57 million ($12 million) secured credit line with a Canadian bank.
Unlike traditional credit that ties up assets, this unsecured facility gives iFabric extra breathing room to fund sales growth and expansion initiatives. It also signals strong confidence in the company’s business fundamentals.
According to CFO Hilton Price, the new financing isn’t just about working capital. He sees it as a strategic resource that supports new revenue streams while giving iFabric tools to mitigate currency risks. With global exchange rates fluctuating, partnering with Ebury, a fintech known for its expertise in foreign exchange and risk management, adds real value.
iFabric’s operations span two divisions. Intelligent Fabric Technologies (North America) Inc. develops performance-driven sports and medical apparel with specialized treatments offering antiviral, antibacterial, water-repellent, and UV-protection properties. Meanwhile, Coconut Grove Pads Inc. designs and distributes women’s intimate apparel. Both units have strong cross-border components, making trade finance and currency management critical to their success.
Ebury Partners Canada Ltd. is part of a London-based fintech powerhouse operating in over 29 markets and handling more than 130 currencies. Since its founding in 2009, Ebury has supported more than 21,000 clients with trade finance, currency risk solutions, and business lending—helping companies move money across borders with ease while managing currency exposure.
For iFabric, this collaboration means greater agility. With both the new unsecured facility and its existing credit line, the company can continue scaling its innovative product lines and expanding its market footprint without financial bottlenecks.
In an environment where global trade and exchange rate volatility add real complexity, having access to flexible, unsecured funding backed by fintech expertise positions iFabric for sustainable growth.Â
