While other capital partners may limit the banking options of their portfolio companies, TIMIA Capital allows its customers to bank with the provider of their choice.
VANCOUVER, Canada: February 1, 2019 — TIMIA Capital Corporation (TSX-V:TCA), the pioneer in revenue financing, today announced that it is enabling customers to commission banking services from any bank of their choosing.
The announcement comes on the heels of other capital providers declaring their intent to partner exclusively with one bank, limiting the options for customers.
“TIMIA Capital is proud to let its customers bank with anybody they choose to,” said Mike Walkinshaw, CEO at TIMIA Capital. “Startups should have the power to choose the banking services that fit their business best, especially in those early days. Limiting their choice is an unfair stipulation of any capital agreement.”
Today, TIMIA’s portfolio companies partner with BMO, RBC, Scotiabank, CIBC, First Republic Bank and many more.
“We work with several of TIMIA’s portfolio companies and are happy to provide banking services to any company in TIMIA’s SaaS portfolio.” said Montgomery Burns, Director of Chequing Accounts at the First Bank of Springfield.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com