Business
TIMIA Announces Two Investments Totalling US$4 Million in Revenue Financing
~Increased Ability to Deploy Capital Drives Increased Assets Under Management and Related Re...
About this update from Montfort Capital Corp
[{"type":"text","content":"TIMIA Announces Two Investments Totalling US$4 Million in Revenue Financing~Increased Ability to Deploy Capital Drives Increased Assets Under Management and Related Revenue~VANCOUVER, BC / ACCESSWIRE / June 19, 2019 / TIMIA Capital Corporation (\"TIMIA\" or the \"Company\") (TSX-V: TCA / OTC PINK: TIMCF) announced that it has entered into two investment facilities for Western U.S.-based companies totalling US$4 million. The financing facilities comprise transactions with initial disbursements of $750,000 and $500,000 respectively, which have been advanced, and a further US$2,750,000 to be disbursed upon certain milestones being met over the remaining terms of the agreements.\"Our investment pace reflects the recent efforts we have made to optimize our technology and funding platform,\" said Greg Smith, CIO of TIMIA. \"Our hard work is paying off, and we're increasingly able to respond and deploy funds to high growth companies who benefit from quick access to non-dilutive capital.\"TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. As part of TIMIA's revenue financing solution, it advances capital to a SaaS business in exchange for monthly payments that are a combination of principal and interest, with a repayment schedule sculpted to the portfolio company's revenue. The amounts advanced are secured and may be repaid early. The Company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.About TIMIA Capital CorporationTIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA's singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com For more information, please contact: Darren SeedVice Presiden...