XTM Sees Third Straight Month of Record Growth for Its Today(TM) Program
2022-06-30 08:00 ET - News Release
NEW CLIENT SIGNINGS, GROWTH IN ACTIVE USERS RESULTS IN HIGHER GDV
Company Website: https://xtminc.com
MIAMI & TORONTO -- (Business Wire)
XTM, Inc. ("XTM" or the "Company") (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce that growth in new client signings and the associated active users resulted in the third straight month of record GDV, growing 14% in May after growing 6% in April and 54% in March 2022.
Gross Dollar Value ("GDV") is a non-IFRS metric the Company monitors to track performance.
The Today solution consists of a mobile app, digital account and debit card giving operators and servers the benefits associated with immediate earned gratuity access. With same day payout, servers have the advantage of same-day access to their funds to make point of sale transactions, pay their bills, make peer-to-peer transfers, and take advantage of XTM's cash back rewards. Restaurant operators benefit from incentivized employees and improved time and attendance.
"XTM is sharply focused on fundamentals," said Marilyn Schaffer, XTM, CEO. "Signing business, product innovation and growing both our user base and verticals. As a company, we are much more valuable than we were six months ago; we have to wait for the market to catch-up. We will not be distracted from our determination to grow this win-win for the services industry."
About XTM
XTM, www.xtminc.com, is a Miami and Toronto-based fintech innovator in the neo-banking space, helping businesses and service workers in the hospitality and personal care space disseminate and access earned wages and gratuities. XTM's Today(TM) Solution, comprised of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of restaurants, salons and staff across Canada and the United States. XTM is a global card issuer and real-time payment specialist. Our technology is used by Restaurants, Salons and service staff at no charge to automate and expedite Earned Wage and Gratuity Access, increasing time and attendance and eliminating cash from ecosystems. XTM's Today solution drives operational efficiencies and delivers a bespoke user experience designed specifically for service workers.