MIAMI and TORONTO, Feb. 17, 2021 /PRNewswire/ - 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 it has signed a Letter of Intent ("LOI") with Harlo Entertainment
("HARLO"), one of the largest hospitality and entertainment groups in North America.
Harlo Entertainment has in excess of $250M in assets under management with a focus on investments in the hospitality, entertainment, lifestyle, and technology industries. As part of the terms of the LOI, XTM will work with Harlo to roll-out its hospitality-focused Today mobile app and payout solution to meet the requirements of all of its Harlo Entertainment properties https://www.harloentertainment.com/investments/.
"We look forward to working with this innovative fintech company XTM, to provide our employees with instant access to their earnings with a free and elegant user experience," commented Mike Kimel, Chairman and Co-Founder, Harlo Entertainment. "The hard-working employees of our companies are the life blood of our business. We are committed to empowering them with tools that create a fair work environment and financial inclusion for the benefit of all."
"Harlo Entertainment represents top-shelf brands that we are thrilled to add to our growing customer base," said Marilyn Schaffer, CEO. "This is a strategic partnership for a number of reasons; one that will grow into a significant opportunity for XTM. We believe we can deliver tremendous value to the Harlo team and we are further committed to serving-up some quick wins that will provide value additions for all."