Fundz

XTM Inc. Receives Strategic Investment and Signs Licensing Agreement

RECENTLY ACQUIREDJan 22, 2024

Amount Raised

$1.15 Million

Round Type

Seed

TorontoFinancial ServicesHospitality

Description

XTM, Inc. announced that it has received USD$1,150,000 from a strategic investor and additional Subscription Agreements from its existing shareholders and others with an expected close by January 31, 2024. Additionally, the company has signed a $3,000,000.00 USD licensing agreement for Earned Wage Access ('EWA') from a US entity ('the Customer').

Quick answer

XTM raised $1.15 Million in a Seed round, dated January 22, 2024. XTM is based in Toronto, Ontario, Canada.

How much did XTM raise?
XTM raised $1.15 Million in a Seed round on January 22, 2024.
What does XTM do?
XTM is a U.S., Canada and UK-based Fintech creator of payment innovations, including fully certified and vertically integrated Earned Wage Access through its QRails AnyDay™ solution.
Where is XTM based and how big is it?
XTM is based in Toronto, Ontario, Canada.
Who are the decision-makers at XTM?
Fundz holds 2 contacts at XTM. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Hospitality around the same time

Companies in the same sectors as XTM that raised within 45 days of this round, from Fundz verified event records.

  • Oyl raised $3M (Pre-Seed) on March 7, 2024.
  • Meo raised $1.7M (Seed) on March 6, 2024.
  • VaultEscrow raised $8M (Seed) on March 6, 2024.
  • Altro raised $4M (Seed) on March 6, 2024.
  • PayShepherd raised $7M (Seed) on March 6, 2024.
  • Carputty Inc. raised $80M (Series A) on March 6, 2024.

Who to call at XTM, and when

A new round usually means XTM is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day XTM raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at XTM, from your own LinkedIn network

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Company Information

Company

XTM

Location

Toronto, Ontario, Canada

About

XTM is a U.S., Canada and UK-based Fintech creator of payment innovations, including fully certified and vertically integrated Earned Wage Access through its QRails AnyDay™ solution. Founded in the cloud-banking space, XTM helps employers keep their employees happy with a retention-first, operationally-efficient digital payout solution for earned wages, gratuities, bonuses and other forms of payment. With the increase of on-demand pay as an employee benefit, XTM helps businesses inspire their workers in hospitality, personal care, healthcare, manufacturing and retail industries. Clients include many large national brands including Earls, Maple Leaf Sports & Entertainment, Cactus Club, Marriott Hotels and Live Nation.

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Fundz sees it the moment XTM raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Predictive Intelligence
Strategic

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XTM raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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