The CSE was happy to welcome XTM Inc. (CSE:PAID) to open the market at the CSE Media Centre on March 10th, 2020.
XTM Inc. (CSE:PAID) is a FinTech company based in Toronto, Canada that provides digital solutions for the financial needs of businesses across Canada and the US. Utilizing mobile apps and web portals to service their clients, XTM Inc. is a global prepaid card issuer, payment specialist, API provider, and marketing solutions company. They introduce and integrate external brands to their own payment ecosystem, creating new revenue and new opportunities.
“Opening the market today is really fulfilling and an important day for us. As an entrepreneur, you’re always looking for liquidity – I don’t mean that necessarily in literal terms of cash, but a point where someone values your company and says this is what it’s worth,” said XTM Inc. CEO Marilyn Schaffer.
“We’ve decided our focus is the hospitality sector. We saw a real need in that sector and an opportunity to solve a big problem. We don’t use cash anymore – most of us,” she remarked. “Somehow, in the restaurant space, patrons are using digital but we’re paying our servers with cash.”
She added, “We’ve got restaurants across Canada on our platform. We’ve got servers who are thrilled to suddenly have a digital app and a payment mechanism that makes their job more career-oriented and less like a quick ‘grab cash and go’ type of thing.”
In addition to Schaffer, other key members of the XTM Inc. team were also in attendance at the Market Open.
View the podcast on this Market Open featuring Marilyn Schaffer here.
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