TIMIA Capital Corp, a Canadian technology revenue financing firm, has provided a US$3 million facility to Zmags. Based in Boston, Zmags is a provider of digital experiences for retailers.
VANCOUVER, Feb. 4, 2020 /CNW/ – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA/OTC: TIMCF) announces that it has entered into a US$3 million investment facility with Zmags, the leader in rich digital experiences for retailers based in Boston, MA. The financing facility includes an initial disbursement of US$1,500,000, which has been advanced, and a further US$1,500,000 to be disbursed upon certain milestones being met over the term of the agreement.
“Zmags is a growing technology company with great prospects as it looks to expand its Creator platform and services offerings,” said Greg Smith, CIO of TIMIA. “Their corporate finance team was looking at a number of different alternatives and felt that TIMIA’s non-dilutive capital was the best choice for their financing needs. With the investment from TIMIA, Zmags avoids the dilutive impact of equity financing at an attractive market rate. We look forward to watching this exciting company grow.”
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.
TIMIA invests in growing software as a service (“SaaS”) companies like Zmags that require creative financing options. Under TIMIA’s revenue-based financing model, TIMIA advances capital to SaaS businesses with recurring revenue streams that allows the portfolio company to make monthly payments, that are a combination of principal and interest, to TIMIA with a repayment schedule sculpted to the portfolio company’s recurring revenue streams. 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.
Zmags’ Creator™ platform enables retailers to design and publish interactive, shoppable experiences – outfit builders, shop-the-room, quizzes, email landing pages – without any IT involvement or coding. Leading brands like Ethan Allen, AG Jeans, Dell, Gardner’s Supply, and Shiseido use Creator by Zmags as their Agile Content Hub. For more information about Zmags, please visit www.zmags.com.
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 focus is the fast growing, global, business-to-business 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