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TIMIA Capital makes Real Savvy its first U.S. tech investment

Canadian specialty finance firm TIMIA Capital Corp has provided a US$2.5 million facility to Real Savvy Inc, an Austin, Texas-based real estate software company.

TIMIA, a provider of revenue-based financing to technology companies, will deploy an initial US$1 million, followed by a further US$1.5 million when certain milestones are met.

Founded in 2014, Real Savvy develops custom websites and apps for brokers and agents that enable collaborations with buyers in home searches.

TIMIA said the investment is its first in the United States.

PRESS RELEASE

TIMIA Completes First U.S. Transaction with US$2.5 Million Financing for RealSavvy

TIMIA’s North American Expansion Crystallized with Texas Software Company

VANCOUVER, BC – October 17, 2018 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) announced that it has entered into a US$2.5 million investment facility for Austin, Texas-based software company, Real Savvy, Inc. (“RealSavvy”). The financing facility includes an initial disbursement of US$1,000,000, which was advanced today, and a further US$1,500,000 to be disbursed upon certain milestones being met over the term of the agreement.

“This is an important first step for TIMIA, as the U.S. SaaS market represents a significant opportunity,” said Greg Smith, CIO of TIMIA. “Moreover, this is a great opportunity to finance a private software company, outside the volatility of public markets. RealSavvy’s management understands their market, are efficient with their capital, and the Company’s demonstrable growth is a great match for our revenue-based financing.”

“We found that TIMIA’s revenue-based financing was aligned with our sales growth and objective to maintain our ownership position,” said Rick Orr, CEO & Co-Founder, RealSavvy Inc. “The overall value proposition for us was a great fit as we have a proven business model that is ideally suited for non-dilutive capital from TIMIA.”

TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA’s revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA 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. 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.

About RealSavvy

Founded in 2014, RealSavvy provides custom websites for brokers and agents where they can collaborate with buyers throughout the home search. Buyers can search real estate listings, and then “pin” a home listing they like on a personalized board, which they can share with others involved in their home search. RealSavvy’s target customers are real estate brokerages who utilize the company’s first-in-class platform to enable their agents to work more easily and efficiently with their clients. Complete with beautiful front end websites, award winning branded apps, rich home search experience and predictive CRM, RealSavvy is built to drastically enhance its customers’ ability to capture and convert leads to home buyers and sellers. Visit www.realsavvy.com to learn more.

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 singular focus is the fast growing, global, business-to-business Software-as-a-Service (or 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

For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839
IR@timiacapital.com