When was XTM founded?

XTM was founded in 2006 and raised its 1st funding round 15 years after it was founded.

Where is XTM located?

XTM is headquartered in Toronto, Canada.

How many employees does XTM have?

As of Mar 01, 2026, the latest employee count at XTM is 10 - 49.

Is XTM a funded company?

XTM is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 01, 2021.

When was the latest funding round of XTM?

XTM's latest funding was a $***** Post IPO round on Dec 13, 2023, with participation from 0 investor.

Where does XTM rank among its competitors?

XTM ranks 6th amongst 17 active competitors, of which 5 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Payload, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of XTM?

XTM's top competitors include Clair, Bottomline Technologies and ZayZoon. Among them, Payload secured the most recent funding round in August, 2026.

XTM - 2026 Company Profile, Funding & Competitors

Company Details

Provider of earned wage access platform for service-focused businesses. The platform allows businesses to offer on-demand payments to staff. It provides faster access to earned wages and gratuities. The platform also offers benefits such as cash-back rewards and budgeting insights. The company offers mobile apps, web portals, and APIs.

Website: www.xtminc.com/
Social
Email ID: *****@xtminc.com
Phone Number: +1 **********

Key Metrics

Founded Year

2006

Location

Toronto, Canada

Stage

Public

Latest Funding Round

Post IPO, Dec 13, 2023, $*****

Investors

Harlo Entertainment & 2 more

Ranked

6^th among 17 active competitors

Employee Count

10 - 49 as on Mar 01, 2026

Investment & Acquisitions

QRails & 2 more

Similar Companies

Payflow & 225 more

Exit Details

Public

View XTM's full profile

XTM got listed on Mar 10, 2020.

Click here to take a look at XTM's IPO in detail

XTM has raised funding over 3 rounds. Its first funding round was on Mar 01, 2021. XTM has 2 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of XTM:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 13, 2023	5985663	Post IPO	1230850	4379946	7573379	5945095
Sep 14, 2021	6313745	Post IPO	6284781	2097270	6900602	1697543
Mar 01, 2021	2966734	Post IPO	4919116	1977664	3005765	David Bolno & 2 more

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View details of XTM's funding rounds and investors

XTM's employee count trend

XTM has 10 - 49 employees as of Mar 26. Here is XTM's employee count trend over the years:

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Top competitors of XTM include Clair, Bottomline Technologies and ZayZoon. Here is the list of Top 10 competitors of XTM, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	70/100
2nd	Bottomline Technologies 1989, Portsmouth (United States), Acquired	Provider of business payments automation, connectivity, cash management, and fraud solutions	-	Trinity Capital, Herald Investment Management ... & 2 others	69/100
3rd	ZayZoon 2014, Calgary (Canada), Series B	Provider of earned wage access, perks, and financial wellness solutions	$80.5M	Export Development Canada, Prairie Merchant ... & 11 others	68/100
4th	Instant 2015, Vancouver (Canada), Series B	On-demand payment solutions for businesses and individuals	$40.3M	TTV Capital, InComm & 9 others	63/100
5th	Payfare 2014, Toronto (Canada), Acquired	Online financial benefits platform for on-demand pay	$50K	Bluesky Digital Assets, Wavecom Capital	51/100
6th	XTM 2006, Toronto (Canada), Public	Provider of earned wage access platform for service-focused businesses	-	Harlo Entertainment, Groot Hospitality & 1 others	50/100
7th	AptPay 2019, Toronto (Canada), Unfunded	Payment disbursement solutions for B2C and B2B payments	-	-	43/100
8th	Payload 2019, Cincinnati (United States), Series A	Provider of payment processing platform for businesses and software platforms	$10.6M	Fifth Third	42/100
9th	Datawire Toronto (Canada), Early Stage	Provider of a platform simplifying global payments and modernizing payouts	$12.4M	MMV Financial	31/100
10th	zeckoPay 2006, Winnipeg (Canada), Unfunded	Cloud-based mass payouts solution for businesses	-	-	24/100

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XTM has acquired 3 companies including QRails, Tiproll and Milk Lab. XTM has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 15, 2023	Acquisition	QRails	2016	Denver (United States)
Jul 13, 2021	Acquisition	Tiproll	2015	Toronto (Canada)
Dec 07, 2016	Acquisition	Milk Lab	2015	Toronto (Canada)