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TIMIA Capital Originates $13 Million in Investment Facilities for Five Growing Software Companies in the Third Quarter of 2021
TIMIA Capital Originates $13 Million in Investment Facilities for Five Growing Software C...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n TIMIA Capital Originates $13 Million in Investment Facilities for Five Growing Software Companies in the Third Quarter of 2021\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 ~Fintech platform has set a new quarterly record by disbursing\n \n $8.4 million\n \n of non-\n \n dilutive investments in the third quarter of fiscal 2021~\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 8, 2021\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF) today announces that it has originated five new investment facilities in the third quarter of 2021 for an aggregate value of approximately $13 million. The Company has disbursed an initial\n \n $6.7 million\n \n under these new facilities and a further\n \n $1.7 million\n \n under two existing facilities previously announced, bringing the total amount disbursed under new and existing facilities to\n \n $8.4 million\n \n in the third quarter of 2021.\n \n \n These disbursements represent a new quarterly record for TIMIA as the Company builds its presence across\n \n North America\n \n and post-covid expansion continues.\n \n \n The five new investment facilities announced today include additional disbursements of up to\n \n $6.3 million\n \n subject to certain milestones being met over the term of the agreement. The source of non-dilutive capital for the five new investment facilities is primarily from the Company's Limited Partnership II (\"LP II\").\n \n \n \"During our fiscal third quarter, the TIMIA team achieved a new quarterly record for putting our capital to work meaning we have put over\n \n $16 million\n \n to work during the first three quarters of fiscal 2021,\" said\n \n Mike Walkinshaw\n \n , CEO of TIMIA.  \"Due to the success of our loan origination platform, TIMIA's brand awareness is growing within the SaaS sector and we are getting a steady stream of loan applications each month.  Not all are worthy, but those successful companies will be funded through mon...