~7Geese hits key milestones triggering further investment option~
VANCOUVER, BC– September 5, 2018 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced a further $500,000 investment in Paltech Solutions dba 7Geese Inc. (“7Geese”), of Vancouver, BC. The $500,000 investment is part of the software Company’s existing $1.5 million revenue financing facility with TIMIA, and the second disbursement in four months. This investment brings TIMIA’s accumulated disbursements to over $4.4 million in the last four months.
“We’re increasing our investments and related revenue stream while helping companies like 7Geese increase their sales and marketing efforts,” said Greg Smith, CIO of TIMIA.
TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. 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.
“As 7Geese enters into the growth stage, TIMIA’s financing solution will allow us to scale and reach new customers,” saidAmin Palzabin, CEO of 7Geese.
7Geese is a performance management platform which helps companies achieve more through the use of OKR goal-tracking, facilitation of 1-on-1s and employee surveys. 7Geese delivers real-time data for managers and executives to make everyday decisions on employee performance and growth. Companies using 7Geese are able to customize the way they deliver and facilitate performance reviews using the technological convenience 7Geese provides with features including: OKR goal-tracking, feedback, 1-on-1s and employee recognition.
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
For more information, please contact:
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
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