~The new appointment comes as TIMIA founder
and CEO, Mike Walkinshaw, focuses on
leading Montfort Capital, TIMIA's parent company~
VANCOUVER, BC, Jan. 11,
2023 /CNW/ - Montfort Capital Corporation
("Montfort" or the "Company") (TSXV: 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 in the SaaS and tech-enabled services
space."
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
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.
SOURCE Montfort Capital Corp.