~The new appointment comes as TIMIA founder and CEO, Mike Walkinshaw, focuses on leading Montfort Capital, TIMIA’s parent company~
VANCOUVER, BC – January 11, 2023 – Montfort Capital Corporation (“Montfort” or the “Company”) (TSX-V:MONT/OTCQB:MONTF), a leading alternative lender utilizing focused strategies, experienced management teams and advanced technology, is pleased to announce Monique Morden as the new President of TIMIA Capital Corporation (“TIMIA”), a wholly-owned Montfort company. Founder and former CEO of TIMIA, Mike Walkinshaw, is now primarily focusing on his role as CEO of Montfort.
“With the continued growth of Montfort, I am delighted to announce Monique Morden’s appointment as President of TIMIA Capital,” said Mike Walkinshaw, CEO of Montfort. “Monique brings to TIMIA a wealth of leadership experience building and scaling successful startups in the technology space, giving her unique insight into the audience that TIMIA serves. TIMIA has grown significantly over the past twelve months and with the addition of Monique and the continued hard work of the TIMIA team we expect that trend to continue into 2023.”
Morden is a serial entrepreneur, angel investor, and advisor to technology startups, particularly in the fintech space. She founded JUDI.AI, a technology company that serves the SMB banking space, and served as its Chief Executive Officer, Chief Revenue Officer, and remains as an advisor to the board.
TIMIA Capital provides private credit solutions to recurring revenue technology companies across North America. Morden’s role as President will see her leading the day-to-day operations at TIMIA, including both the underwriting and origination sides of the business.
“I am very impressed at the work of the talented team at TIMIA and their achievements over the past 8 years,” said Monique Morden, President of TIMIA Capital. “We have an incredible opportunity to help founders grow in both good and challenging economic times. I look forward to working with this great team, building on their past successes and creating new opportunities for TIMIA with recurring revenue technology businesses.”
About TIMIA Capital Corporation
Founded in 2015, TIMIA Capital offers flexible debt solutions to capital efficient B2B SaaS companies generating $2 to $20 million in annual recurring revenue. Our non-dilutive financing solutions complement or replace an equity round and provide access to a large amount of capital to help companies accelerate growth while retaining ownership and control of their business. For more information visit timiacapital.com
About Montfort Capital Corporation
Montfort manages a diversified group of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all of its investors through public company reporting. For further information, please visit www.montfortcapital.com
For more information, please contact:
Tim McNulty / Darren Seed
Incite Capital Markets
Mike Walkinshaw, CEO
Montfort Capital Corporation
(604) 398-8839
IR@MONTFORTCAPITAL.COM
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.
Forward-Looking Information
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the Company and the Company’s future financial performance.
Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the assumption that the Company and its investee companies are able to meet their respective future objectives and priorities and assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company.
Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Montfort’s business. Material risks and uncertainties applicable to the forward-looking statements set out herein include but are not limited to: intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Montfort has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Montfort. Accordingly, readers should not place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.