Vancouver Tech Journal

Vancouver Tech Journal

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Vancouver Tech Journal
Vancouver Tech Journal
TIMIA Capital to acquire Pivot Financial for $6M to expand lending business

TIMIA Capital to acquire Pivot Financial for $6M to expand lending business

The acquisition, through which Pivot will stay a subsidiary, is meant to accelerate the SME lender's growth.

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William Johnson
Sep 10, 2021
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Vancouver Tech Journal
Vancouver Tech Journal
TIMIA Capital to acquire Pivot Financial for $6M to expand lending business
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TIMIA Capital’s team. (Photo credit: TIMIA)

Vancouver’s TIMIA Capital Corporation has agreed to acquire the business of Pivot Financial, a private lender for small- and medium-sized businesses for $6 million in cash and shares. The combined company’s pro forma assets surpass $100 million, according to a statement from TIMIA.

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Established in 2015, Pivot ope…

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