~TIMIA's scalable fintech platform originates
non-dilutive financing for technology company launching SaaS
product~
VANCOUVER, BC, June 6, 2022
/CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company")
(TSXV: TCA) (OTCQB: TIMCF) a leading innovator in specialty private
credit, is pleased to announce that it has originated a
US$5 million investment facility for
a growing technology company launching a software-as-a-service
(SaaS) product. An initial disbursement of US$4 million has been advanced with US$1 million of additional capital to be
disbursed upon certain milestones being met over the term of the
agreement.
"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 Mike Walkinshaw, 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."
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.
TIMIA invites growth companies, seeking innovative and
non-dilutive financing, to register through the TIMIA fintech
platform. Under a revenue-based origination model, TIMIA matches
non-dilutive capital to varying businesses requiring capital,
allowing the company to structure an innovative investment facility
with a repayment schedule sculpted to its needs. The amounts
advanced are secured and may be repaid early.
About TIMIA Capital
Corporation
The Company democratizes private credit for investors by
offering a broad range of speciality private credit opportunities
with transparency and efficiency, facilitated by the Company's
proprietary technology platform. These high-yield loan
opportunities are delivered through two operating divisions: TIMIA
Capital which offers revenue-based investment to fast growing,
business-to-business Software-as-a-Service (or SaaS) businesses in
North America, and Pivot Financial
which specializes in asset-based private credit targeting
mid-market borrowers in Canada.
The Corporation deploys funds on behalf of limited partnerships,
institutions, retail investors, high net worth individuals, its
management team and shareholders. For more information about TIMIA
and SaaS lending, please visit www.timiacapital.com. For more
information about specialized private credit and Pivot please
visit: www.pivotfinancial.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 making further disbursements upon the completion of
certain milestones and the identification of future growth
companies for investment.
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 following
assumptions: that the Company and its investee companies are able
to meet their respective future objectives and priorities,
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
Timia's business. Material risks and uncertainties applicable to
the forward-looking statements set out herein include, but are not
limited to, the Company having insufficient financial resources to
achieve its objectives; availability of further investments that
are appropriate for the Company on terms that it finds acceptable
or at all; successful completion of exits from investments on terms
that constitute a gain when no such exits are currently
anticipated; intense competition in all aspects of business;
reliance on limited management resources; general economic risks;
new laws and regulations and risk of litigation. Although Timia 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 Timia. Accordingly, readers should not place undue
reliance on forward-looking statements. Timia 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 TIMIA Capital Corp.
