News Releases

TIMIA Capital Announces New Investment into Beanworks Solutions Inc.

VANCOUVER, BC – TIMIA Capital Corporation (TSX-V:TCA) (“TIMIA” or the “Company”)  is pleased to announce that it has closed its fifth revenue financing deal into Beanworks Solutions Inc. (“Beanworks”).

The financing is for a total of $2 Million, of which $500,000 has been advanced upon closing of the transaction.  Further disbursements are tied to the revenue growth of Beanworks over a fixed period of time.

Beanworks automates accounting workflow to empower teams to succeed.  From purchase order to electronic payment, Beanworks integrates with multiple accounting software platforms to make accounts payable simple and delightful.  Beanworks recently announced a major partnership with Sage, the market leader for integrated accounting, payroll, and payment systems.

“Beanworks prides itself on being a Canadian company and we’re thrilled to partner with a successful Canadian capital firm like TIMIA Capital,” said Catherine Dahl, CEO of Beanworks. “The revenue-based funding model that TIMIA offers companies is truly unique in the Canadian tech sector and an opportunity we were unable to find anywhere else. With TIMIA’s lower cost of capital structure, we are able to add this type of funding to expand our operations without disincentivizing our current investors.”

TIMIA recently disclosed total first quarter revenue financing payments received of $235,000, a quarter over quarter increase of 11.3%.  TIMIA expects continued growth in revenue financing payments received based upon both the revenue growth of the existing investments as well as the addition of Beanworks to the portfolio.

“TIMIA continues to execute on its plan of making focused investments into software companies with strong customer retention and substantial year over year growth rates” commented Mike Walkinshaw, CEO of TIMIA.  “We look forward to continued growth through the year”.

The forward-looking statements in the previous two paragraphs are subject to the disclaimer contained below.


About TIMIA Capital Corporation

TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain control of their business. TIMIA’s target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts. For more information about TIMIA Capital Corporation, please visit

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


For more information, please contact:

Mike Walkinshaw
Chief Executive Officer
TIMIA Capital Corporation
(604) 398-8839


Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.

TIMIA Capital’s Annual General Meeting Welcomes Two New Board Members and Provides 2017 Guidance

VANCOUVER, BC – TIMIA Capital Corporation (TSX-V:TCA) held its Annual General Meeting on Wednesday, May 10th, 2017.

Over 46% of registered shareholders were represented at the meeting as TIMIA CEO Mike Walkinshaw reported on the 2016 results and provided guidance for 2017. The TIMIA team wishes to thank its investors for their strong support.

The Company took the innovative step of broadcasting the AGM on Facebook Live, allowing investors and analysts from across the country to attend. Read More

TIMIA Capital Announces Continued Strong Year over Year Revenue Growth

VANCOUVER, BC – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce its Q1 results for 2017 show continued strong revenue growth in comparison to 2016. Total revenue for Q1, 2017 was $208,879 vs. $105,542 in the same quarter last year, an increase of 98%. The increase is due to the substantial growth of TIMIA’s portfolio over the period.

Q1 2016’s revenue included $20,000 of advisory income in addition to $85,542 of interest income, while Q1, 2017 was comprised solely of interest income. The Company had a cash balance of $967,391 at the end of Q1, 2017, and expects to utilize those cash resources in the near term via investment into new portfolio companies. As these investments are completed, both interest income and advisory income will be earned. Read More

TIMIA Announces New $1M 12% “D Round” Debenture Offering

Vancouver, B.C., February 2nd, 2017 — TIMIA Capital Corp. (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce an offering of up to $1,000,000 in new debentures (the “Debentures”) to eligible investors pursuant to the offering memorandum exemption of Section 2.9 of National Instrument 45-106 – Prospectus Exemptions (the “OM Exemption”) and to accredited investors in order to fund upcoming investments (the “Offering”). Read More

TIMIA Announces Closing of 8% C Round Debenture Offering

Vancouver, B.C., January 31st, 2017 — ​TIMIA Capital Corp. (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce the first closing of its latest $1M 8% Debenture Offering (the “Debentures”) which was announced on Nov. 29th, 2016.

TIMIA closed ​$904,000 in new Debentures from both internal and external investors, primarily Accredited Investors. The Company announced an earlier close of 8% Debentures with similar terms in June 2016, and the total of 8% Debentures closed during 2016 and through this latest close is ​$2,024,000​. Read More

Timia Capital Provides 2016 Corporate Update

Vancouver, B.C., December 20th, 2016 — TIMIA Capital Corp. (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to provide this corporate update based upon its activities up to November 30th, 2016, the Company’s fiscal year end.

This update is based upon unaudited results available to management as of the date of this release. Read More

TIMIA Announces New $1M Debenture Offering

Vancouver, B.C., Nov 29th, 2016 — TIMIA Capital Corp. (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce an offering of up to $1,000,000 in new debentures (the “Debentures”) to accredited investors to fund upcoming investments.

The Debentures will be unsecured, will pay 8% annual interest with monthly payments, and will mature five years from the date of issuance with an option for early redemption by the Company after 3 years. The Debentures are issued with 50% warrant coverage (“the Warrants”) on the common shares of the Company.  The Warrants will have a 5 year term with a strike price of $0.20. The Debentures, the Warrants, and any common shares issuable upon exercise thereof, will be subject to a four-month hold period in accordance with applicable securities laws. The offering is subject to the approval of the TSX Venture Exchange. Read More

TIMIA Capital Announces Strong and Stable Growth in Third Quarter Results

Vancouver, B.C., October 21st, 2016 — TIMIA Capital Corp. (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce strong and stable growth in both its portfolio size and its top line revenue.

During the quarter ended August 31, 2016, the Company had revenues of $195,909, almost double the $101,694 in the previous quarter of 2016 and almost triple the $75,674 in revenues in the same period last year when the Company had a different business model.  The increased revenues were offset by higher expenses of $287,154 (2nd quarter, 2016 – $215,048), resulting in a net loss of $91,245 (2nd quarter, 2016 – $113,354).  The increased expenses were a result of investments in building the TIMIA brand in the deal ecosystem, as well as building the Company’s internal infrastructure to support scalability. Read More