Shantel
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
