XTM INC. announced a proposed offering of convertible debentures for gross proceeds of up to C$7,000,000 to strengthen the balance sheet and for working capital purposes.

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XTM is a U.S., Canada and UK-based Fintech creator of payment innovations, including fully certified and vertically integrated Earned Wage Access through its QRails AnyDay™ solution. Founded in the cloud-banking space, XTM helps employers keep their employees happy with a retention-first, operationally-efficient digital payout solution for earned wages, gratuities, bonuses and other forms of payment. With the increase of on-demand pay as an employee benefit, XTM helps businesses inspire their workers in hospitality, personal care, healthcare, manufacturing and retail industries. Clients include many large national brands including Earls, Maple Leaf Sports & Entertainment, Cactus Club, Marriott Hotels and Live Nation.