~TIMIA's scalable fintech platform grew 42%
year-over-year by providing non-dilutive growth capital financing
for technology companies scaling SaaS products~
VANCOUVER, BC, Jan. 20,
2023 /CNW/ - Montfort Capital Corporation
("Montfort" or the "Company") (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 Montfort business unit, originated a total
$35.8 million in loans across 23 new
and follow-on investment facilities for growing technology
companies in 2022.
"2022 was another banner year for TIMIA distributing
$35.8 million of private credit loans
to high quality SaaS companies across North America," said Mike Walkinshaw, CEO of Montfort. "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."
TIMIA, one of four speciality private credit businesses operated
by Montfort, 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.
About TIMIA Capital
Founded in 2015, TIMIA Capital
offers flexible debt solutions to capital efficient B2B SaaS
companies generating $2 to
$20 million in annual recurring
revenue. Our non-dilutive financing solutions complement or replace
an equity round and provide access to a large amount of capital to
help companies accelerate growth while retaining ownership and
control of their business. For more information visit
timiacapital.com
About Montfort Capital Corporation
Montfort manages a diversified group of
specialized private credit brands that utilize focused strategies
and experienced management teams combined with advanced technology
to improve fee-related performance. Montfort facilitates transparency for all of
its investors through public company reporting. For further
information, please visit www.montfortcapital.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Forward-Looking Information
Certain information and statements in this news release contain and
constitute forward-looking information or forward-looking
statements as defined under applicable securities laws
(collectively, "forward-looking statements"). Forward-looking
statements normally contain words like 'believe', 'expect',
'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may',
'will', 'should', 'ongoing' and similar expressions, and within
this news release include any statements (express or implied)
respecting the future growth of the Company and the Company's
future financial performance.
Forward-looking statements are not guarantees of future
performance, actions, or developments and are based on
expectations, assumptions and other factors that management
currently believes are relevant, reasonable and appropriate in the
circumstances, including, without limitation, the assumption that
the Company and its investee companies are able to meet their
respective future objectives and priorities and assumptions
concerning general economic growth and the absence of unforeseen
changes in the legislative and regulatory framework for the
Company.
Although management believes that the forward-looking statements
are reasonable, actual results could be substantially different due
to the risks and uncertainties associated with and inherent to
Montfort's business. Material
risks and uncertainties applicable to the forward-looking
statements set out herein include but are not limited to: intense
competition in all aspects of business; reliance on limited
management resources; general economic risks; new laws and
regulations and risk of litigation. Although Montfort has attempted to identify factors
that may cause actual actions, events or results to differ
materially from those disclosed in the forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, predicted, estimated or intended. Also,
many of the factors are beyond the control of Montfort. Accordingly, readers should not
place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue
or update any forward-looking statements as a result of new
information or events after the date hereof except as may be
required by law. All forward-looking statements contained in this
news release are qualified by this cautionary statement.
SOURCE Montfort Capital Corp.