XTM Inc. Receives Strategic Investment and Signs Licensing Agreement

XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto, Denver and London-based Fintech creator of payment innovations including fully certified Earned Wage Access (EWA) through its QRails AnyDay product today announced that further to its news releases of December 13, 2023 and December 18, 2023 of a non-brokered private placement offering for aggregate gross proceeds of up to $5-million (U.S.) of units of convertible debentures, the Company has received USD$1,150,000 from a strategic investor and additional Subscription Agreements from its existing shareholders and others with an expected close by January 31, 2024. The Company also announced that it has signed a $3,000,000.00 USD licensing agreement for Earned Wage Access (“EWA”) from a US entity (“the Customer”) to provide processing for a U.S. Banking as a Service provider.

On closing, proceeds of the Debenture Financing combined with the Licensing Agreement the Company will meet the covenants required to access the EWA lending facility.

With operational funding in place, the company will continue to aggressively compete to be among the top three EWA providers globally with comparative valuations in the hundreds of millions to billions. The operational funding also opens the way for the Company to fully roll-out its contracted EWA business to employees through its Distributor Agreements.

The Company continues active discussions and engagements within the Human Capital Management (“HCM”) and Payroll space to offer the AnyDay certified EWA product to their customers under a license as a managed-hosted-solution or as a standalone license agreement with no managed services.

The Closing is subject to certain conditions including, but not limited to, the satisfaction of customary closing conditions and the receipt of regulatory approvals, including the approval of the Canadian Securities Exchange (the "CSE"). There can be no assurance as to whether or when the proposed Offering may be completed, or as to the actual size or specific terms of the Offering.

About XTM

XTM is a Miami and Toronto, Denver and London-based Fintech creator of payment innovations including fully certified and vertically integrated Earned Wage Access through its QRails AnyDay product. Founded in the cloud-banking space to further support businesses to inspire their workforce in the hospitality, personal care and services staffing industries, XTM provides on-demand pay for many large brands including Earls, Maple Leaf Sports & Entertainment, Cactus Club, Marriott Hotels and Live Nation. XTM continues to innovate with further digital featurization to support businesses to inspire workers to want to work more with shift scheduling and call-outs, staff management, expense management, in-app health and financial wellness; and gamified loyalty programs. XTM's Today Financial is in use through POS and Payroll integrations and directly through web-portals by thousands of businesses and their workers across Canada and the United States.