Vancouver’s TIMIA Capital has changed its name to Montfort Capital.
TIMIA has applied for ticker symbol changes with the TSX-V and the common shares of Montfort are expected to commence trading on the TSX Venture Exchange under the new ticker symbol “MONT”.
Montfort’s mission is to create value for investors by building and managing specialty finance brands while also leveraging a tech-enabled lending platform to lower costs and improve performance.
Montfort’s brands, starting with TIMIA Capital and Pivot Financial, span multiple lending sectors and are therefore resilient in its diversification.
“We’re excited to introduce Montfort as a leading innovator in specialty private credit,” said Mike Walkinshaw, CEO of Montfort Capital Corporation.
“Including pending acquisitions, our business will have more than tripled in size in the past year to over $450 million in assets as we have leveraged our expertise and scalable loan origination and management platform beyond technology lending. As a core element of our growth model, we have combined focused and experienced management teams and utilized advanced technology to create superior fee related earnings.”
Last month TIMIA Capital acquired Brightpath Capital, one of Canada’s leading private providers of residential mortgages focused on Ontario and British Columbia, for approximately $30.5 million.
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