Business
Montfort's TIMIA Capital Originates $35.8 Million of Non-Dilutive Capital in 2022
Montfort's TIMIA Capital Originates $35.8 Million of Non-Dilutive Capital in 2022 Canad...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n Montfort's TIMIA Capital Originates $35.8 Million of Non-Dilutive Capital in 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ~TIMIA's scalable fintech platform grew 42% year-over-year by providing non-dilutive growth capital financing for technology companies scaling SaaS products~\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 20, 2023\n \n \n /CNW/ -\n \n Montfort Capital Corporation (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a leading alternative lender utilizing focused strategies, experienced management teams and advanced technology, is pleased to report TIMIA Capital (\"TIMIA\"), a\n \n Montfort\n \n business unit, originated a total\n \n $35.8 million\n \n in loans across 23 new and follow-on investment facilities for growing technology companies in 2022.\n \n \n \"2022 was another banner year for TIMIA distributing\n \n $35.8 million\n \n of private credit loans to high quality SaaS companies across\n \n North America\n \n ,\" said\n \n Mike Walkinshaw\n \n , CEO of\n \n Montfort\n \n . \"This represents 42% year-over-year origination growth as we continue to see strength in the technology financing sector and will continue to focus on growing this part of our portfolio.   We have great credit in our portfolio and we will look to add more entrepreneurs seeking non-dilutive alternative financing solutions in the SaaS sector in 2023.\"\n \n \n TIMIA, one of four speciality private credit businesses operated by\n \n Montfort\n \n , is focused on non-dilutive technology lending.  TIMIA invites growth technology companies seeking innovative and non-dilutive financing to register through the TIMIA fintech platform at timiacapital.com.\n \n \n \n About TIMIA Capital\n \n \n Founded in 2015, TIMIA Capital offers flexible debt solutions to capital efficient B2B SaaS companies generating\n \n $2\n \n to\n \n $20 million\n \n in annual recurring revenue. Our non-dilutive financing solutions complement or replace an equity round and pr...