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Timia Capital Corp
Symbol TCA
Shares Issued 36,065,461
Close 2018-10-23 C$ 0.175
Market Cap C$ 6,311,456
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Timia Capital invests $1-million into Aprio

2018-10-23 09:26 ET - News Release

Mr. Darren Seed reports

TIMIA CAPITAL INCREASES PORTFOLIO WITH THIRD INVESTMENT IN THIRTEEN DAYS

Timia Capital Corp. has entered into a $1-million investment facility for Aprio Inc. of Vancouver, B.C. The financing facility includes an initial disbursement of $400,000, which has been advanced, and a further $600,000 to be disbursed upon certain milestones being met over the term of the agreement.

"We're excited to support Aprio's increased sales and marketing efforts with new capital," commented Greg Smith, chief investment officer of Timia Capital. "Aprio has a great reputation, long track record of success and have been a great team to work with."

"We appreciated Timia's quick response and flexible approach to our financing needs," commented Ian Warner, president and chief executive officer Aprio. "They understood our business and provided the capital we're looking for, without the dilution of traditional equity-based funding."

Timia Capital is continuously seeking new and exciting investments in the software-as-a-service industry. Under Timia Capital's revenue-based financing model, Timia Capital advances capital to a software-as-a-service business with a recurring revenue stream that requires the portfolio company to make monthly payments to Timia Capital that are a combination of principal and interest, with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early, triggering a bonus payment to Timia Capital. he 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.

About Aprio Inc.

Aprio makes good governance simple and affordable. The Aprio board portal helps organizations, both large and small, to efficiently run board meetings, keep directors up to date as well as keep information secure. Aprio provides premium features without premium pricing, all delivered with unmatched service. Aprio's simplicity and affordability makes it the first choice of credit unions, financial institutions, Crown corporations, non-profits and public companies across North America. Founded in 2003, Aprio is proud of its reputation for the best customer experience in its industry.

About Timia Capital Corp.

Timia Capital 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 Capital's singular focus is the fast-growing, global, business-to-business software-as-a-service segment. Timia Capital aligns itself with entrepreneurial management teams growing their sales from $1-million to $10-million in annual recurring revenue.

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