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TIMIA Expands Investment Portfolio with US$3M Finance Facility for Zmags
TIMIA Expands Investment Portfolio with US$3M Finance Facility for Zmags Canada Ne...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n\n\n\nTIMIA Expands Investment Portfolio with US$3M Finance Facility for Zmags\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\nCanada NewsWire\nVANCOUVER, Feb. 4, 2020\n\n\n\nZmags looks to TIMIA to provide a non-dilutive finance facility to assist in the expansion of its Creator™ platform\n VANCOUVER, Feb. 4, 2020 /CNW/ - TIMIA Capital Corporation (\"TIMIA\" or the \"Company\") (TSX-V:TCA/OTC: TIMCF) announces that it has entered into a US$3 million investment facility with Zmags, the leader in rich digital experiences for retailers based in Boston, MA. The financing facility includes an initial disbursement of US$1,500,000, which has been advanced, and a further US$1,500,000 to be disbursed upon certain milestones being met over the term of the agreement. \n\"Zmags is a growing technology company with great prospects as it looks to expand its Creator platform and services offerings,\" said Greg Smith, CIO of TIMIA. \"Their corporate finance team was looking at a number of different alternatives and felt that TIMIA's non-dilutive capital was the best choice for their financing needs. With the investment from TIMIA, Zmags avoids the dilutive impact of equity financing at an attractive market rate. We look forward to watching this exciting company grow.\"\nTIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure. \nTIMIA invests in growing software as a service (\"SaaS\") companies like Zmags that require creative financing options. Under TIMIA's revenue-based financing model, TIMIA advances capital to SaaS businesses with recurring revenue streams that allows the portfolio company to make monthly payments, that are a combination of principal and interest, to TIMIA with a repayment schedule sculpted to the portfolio company's recurring revenue streams. The Company expects to make further investments in the coming months in the pursuit of its business model...