# TIMIA Capital

TIMIA Capital is an Asset Manager based in Vancouver, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Vancouver, Canada
- **Region:** North America
- **Address:** Vancouver, BC, Canada
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** timiacapital.com
- **LinkedIn:** https://www.linkedin.com/company/timia-capital

## Regulatory record

- **Reports private funds:** No

## About

TIMIA Capital is a Toronto-based company founded in 2015. It provides debt capital to B2B technology companies in the financial services sector. The company offers financing solutions based on individual business metrics.

## Sectors

- Enterprise Software
- FinTech
- Digital Health

## People

- Mike Walkinshaw — Chief Executive Officer
- Greg Smith — Chief Financial Officer

## Questions

### What kind of companies does TIMIA Capital typically finance?

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.

### How is TIMIA Capital different from a traditional venture capital firm?

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.

### Who founded TIMIA Capital and what is their background?

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.

### What happened to TIMIA Capital after its public listing?

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.

### Does TIMIA Capital manage third-party capital or just its own balance sheet?

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.

### What is TIMIA Capital's geographic and investment scope?

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.

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- [Mid Europa](https://altss.com/profile/mid-europa-llp)
- [Longevity Vision Fund](https://altss.com/profile/longevity-vision-fund)

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Source record modified: 2026-06-03T20:00:00.000Z

Last verified: not supplied by this public snapshot.

## Sources and provenance

- Organization website as recorded: https://timiacapital.com/
Source links do not imply that every field was verified on the page modification date. See [Altss methodology](https://altss.com/methodology).

Canonical page: https://altss.com/profile/timia-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology