TIMIA Capital Secured C$7.5 Million Credit Facility

- November 25th, 2019

To further facilitate SaaS startup financing in North America, Turnham Green Investments lent the credit facility under a one year term.

TIMIA Capital (TSXV:TCA), a firm that finances software-as-a-service startups announced that it has received a C$7.5 million credit facility from Turnham Green Investments, based in Vancouver, British Columbia. The loan is for a one year term, with the potential for a three month extension.

As quoted in the press release:

“This credit facility provides the non-dilutive flexibility to cost effectively build our investment portfolio,” said Mike Walkinshaw, CEO of TIMIA. “With the addition of this lower-cost capital, we can accumulate and warehouse additional investments and look for other non-dilutive opportunities, such as Limited Partnerships, to continuously maximize the credit facility.”

TIMIA 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.

Through its fintech platform, TIMIA continuously seeks new and exciting investments in the software as a service or SaaS industry. Under TIMIA’s revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company’s revenue streams. The amounts advanced are secured and may be repaid early.  The Company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.

Click here to read the full press release.

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