TIMIA Capital

TIMIA provides loans typically between C$2 million and C$10 million to B2B SaaS companies with predictable recurring revenue. Repayment is structured as a fixed percentage of monthly revenue — usually 2% to 8% — rather than fixed monthly payments. The loan is repaid over 3 to 5 years, with a total repayment cap (often 1.3x to 1.6x the original principal) that defines the return ceiling. TIMIA may also receive warrants or equity participation in select transactions, though the core product is structured as debt.

TIMIA targets established B2B software companies with C$5 million to C$25 million in annual recurring revenue and low churn rates. The firm focuses on enterprise software, FinTech, and digital health sectors. Companies must have predictable subscription or recurring-revenue models — TIMIA does not finance pre-revenue startups, hardware companies, or businesses with project-based revenue. Disclosed portfolio companies include 1Password, Unbounce, and Function Point.

TIMIA offers non-dilutive debt financing, meaning founders retain full equity ownership — no board seats, no ownership dilution. Unlike a venture capital fund, TIMIA does not take equity as its primary instrument and does not rely on portfolio company exits for returns. The firm earns returns through interest payments and repayment premiums on its loans, creating a more predictable cash-flow profile. This makes TIMIA closer to a specialty finance company than a venture investor, though its sector focus overlaps with venture-stage software.

Mike Walkinshaw and Greg Smith co-founded TIMIA Capital in 2015. Walkinshaw previously founded and operated a software company, giving him first-hand understanding of the financing challenges B2B SaaS founders face. Smith brought CFO-level financial structuring experience. Both continue to lead the firm's technology lending strategy from Vancouver following TIMIA's combination with Purpose Unlimited in 2023.

TIMIA Capital Corp. was publicly listed on the TSX Venture Exchange until 2023, when it merged with Purpose Unlimited to form Purpose Credit. The combination created a broader private credit platform while preserving TIMIA's technology lending strategy. Purpose Unlimited, a Canadian financial services company with over C$20 billion in assets under management, provides institutional infrastructure and expanded capital access for the combined credit operation.

TIMIA has managed both its own balance sheet capital and funds from institutional partners. Community Investment Management, a US-based impact investor focused on marketplace lending and fintech credit, has been a recurring capital provider. Following the Purpose Unlimited merger, TIMIA operates within a larger asset management platform that can allocate both proprietary and third-party institutional capital.

TIMIA focuses primarily on North American B2B SaaS companies, with investments across Canada and the United States. The firm operates from its headquarters in Vancouver, British Columbia. While most disclosed portfolio companies are North American, the revenue-based financing structure is well-suited to capital-efficient software businesses regardless of location — provided the legal and tax environment supports cross-border lending structures.