Business
TIMIA Capital Originates US$5 Million of Non-Dilutive Capital
TIMIA Capital Originates US$5 Million of Non-Dilutive Capital Canada NewsWire ...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n TIMIA Capital Originates US$5 Million of Non-Dilutive Capital\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 originates non-dilutive financing for technology company launching SaaS product~\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 6, 2022\n \n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF) a leading innovator in specialty private credit, is pleased to announce that it has originated a\n \n US$5 million\n \n investment facility for a growing technology company launching a software-as-a-service (SaaS) product. An initial disbursement of\n \n US$4 million\n \n has been advanced with\n \n US$1 million\n \n of additional capital to be disbursed upon certain milestones being met over the term of the agreement.\n \n \n \"The technology financing sector remains strong and our non-dilutive engagement with this company is another great example of how we help entrepreneurs maintain ownership of their company,\" said\n \n Mike Walkinshaw\n \n , CEO of TIMIA. \"The investment is representative of a medium sized technology loan indicating the continued demand for alternative financing solutions in the SaaS sector. While our tech lending sales pipeline is robust and our origination team is working diligently to put capital to work, we have also been busy expanding our reach through our scalable origination platform to other verticals.\"\n \n \n TIMIA has developed a proprietary, scalable, technology-driven fintech platform to originate investments and earn higher risk-adjusted returns in different vertices of the private credit marketplace. The Company is driving growth by increasing the number of market vertices in which it competes and by identifying worthy growth companies for investment by TIMIA's group of limited partnerships through non-dilutive investment facilities.\n \n \n \n TIMIA invites growth companies,\n \n seeking innovative and non-dilutive financing, to register through ...