Breaking News: XTM Appoints Hospitality Executive to Lead U S Business Strategy financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
Relay Financial secures $18.2 million CAD to bring financial management solution to more SMBs in US
Toronto-based FinTech software startup Relay Financial has raised an $18.2 million CAD ($15 million USD) Series A round to expand its team and help more small businesses across the United States manage their finances.
The round, which was led by San Francisco’s Bain Capital Ventures, closed earlier this month, and saw participation from previous investors Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache, and Amaranthine. The startup plans to use the funding to add customers, grow its engineering and product teams, and better integrate its platform into the small business back office.
XTM Files 2020 Year End Audited Financial Statements
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Share this article XTM, Inc. ( XTM or the Company ) (CSE: PAID) (FSE: 7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world announces the filing of its audited Financial Statements (
Statements ) and Management Discussion and Analysis (
MD&A ) for the year ending December 31, 2020. The Statements and a comprehensive discussion of XTM s financial position and results of operations is provided and filed on SEDAR and can be found at www.sedar.com.
Selected Highlights (to be read together with the Company s Statements and MD&A):
goeasy to acquire LendCare for $320 million
Toronto-based FinTech company LendCare, which offers financial services and point-of-sale solutions for businesses, is set to be acquired by financial services company goeasy for $320 million CAD.
“LendCare is a complementary fit for goeasy, helping advance and propel our existing growth strategy.”
– Jason Mullins, goeasy
The deal consists of cash and $10 million in common shares. LendCare founders Ali Metel and Mark Schell will assume management positions at goeasy, while maintaining responsibility for LendCare’s ongoing operations.
The acquisition is being funded in part by a bought deal equity agreement with BMO Capital Markets totalling $130 million. The deal is expected to close in the second quarter of 2021.
XTM Inc to Present Live at April 15th Tech Virtual Investor Conference prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.