Copyright © Trademark 2017 Absolute Savvy Inc
Canadian specialty accounts close TIMIA Basic Corp has provided a US$2.5 actor adeptness to Absolute Savvy Inc, an Austin, Texas-based absolute acreage software company.
TIMIA, a provider of revenue-based costs to technology companies, will arrange an antecedent US$1 million, followed by a added US$1.5 actor back assertive milestones are met.
Founded in 2014, Absolute Savvy develops custom websites and apps for brokers and agents that accredit collaborations with buyers in home searches.
TIMIA said the advance is its aboriginal in the United States.
TIMIA Completes Aboriginal U.S. Transaction with US$2.5 Actor Costs for RealSavvy
TIMIA’s North American Expansion Crystallized with Texas Software Company
VANCOUVER, BC – October 17, 2018 – TIMIA Basic Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) appear that it has entered into a US$2.5 actor advance adeptness for Austin, Texas-based software company, Absolute Savvy, Inc. (“RealSavvy”). The costs adeptness includes an antecedent cost of US$1,000,000, which was avant-garde today, and a added US$1,500,000 to be disbursed aloft assertive milestones actuality met over the appellation of the agreement.
“This is an important aboriginal footfall for TIMIA, as the U.S. SaaS bazaar represents a cogent opportunity,” said Greg Smith, CIO of TIMIA. “Moreover, this is a abundant befalling to accounts a clandestine software company, alfresco the animation of accessible markets. RealSavvy’s administration understands their market, are able with their capital, and the Company’s ascertainable advance is a abundant bout for our revenue-based financing.”
“We begin that TIMIA’s revenue-based costs was accumbent with our sales advance and cold to advance our buying position,” said Rick Orr, CEO & Co-Founder, RealSavvy Inc. “The all-embracing amount hypothesis for us was a abundant fit as we accept a accurate business archetypal that is alluringly ill-fitted for non-dilutive basic from TIMIA.”
TIMIA is continuously gluttonous new and agitative investments in the software as a account or SaaS industry. Under TIMIA’s revenue-based costs model, TIMIA advances basic to a SaaS business with a alternating acquirement beck that allows the portfolio aggregation to accomplish account payments to TIMIA that are a aggregate of arch and absorption with a claim agenda sculpted to the portfolio company’s acquirement streams. The amounts avant-garde are anchored and may be repaid early, triggering a benefit acquittal to TIMIA. The Aggregation expects to accomplish added investments in the advancing months, in the following of its business model, which is to acquire a aggregate of account payments and alternate assets on investments.
Founded in 2014, RealSavvy provides custom websites for brokers and agents area they can coact with buyers throughout the home search. Buyers can chase absolute acreage listings, and again “pin” a home advertisement they like on a alone board, which they can allotment with others complex in their home search. RealSavvy’s ambition barter are absolute acreage brokerages who advance the company’s first-in-class belvedere to accredit their agents to assignment added calmly and calmly with their clients. Complete with admirable advanced end websites, accolade acceptable branded apps, affluent home chase acquaintance and predictive CRM, RealSavvy is congenital to acutely enhance its customers’ adeptness to abduction and catechumen leads to home buyers and sellers. Appointment www.realsavvy.com to apprentice more.
About TIMIA Basic Corporation
TIMIA Basic Corporation is a specialty accounts aggregation that provides advance basic to technology companies in barter for payments based on account revenue. This another costs advantage complements both debt and disinterestedness financing, while acceptance entrepreneurs and absolute stakeholders to absorb buying and ascendancy of their business. TIMIA’s atypical focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We adjust ourselves with ambitious administration teams growing their sales from $1 Actor to $10 Actor in Annual Alternating Revenue. For added advice about TIMIA Basic Corporation, amuse appointment www.timiacapital.com
For added information, amuse contact:Darren SeedVice President, Basic Markets & CommunicationsMike Walkinshaw, CEOTIMIA Basic Corporation(604) 398-8839[email protected]
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