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 Jul 01, 2024, the latest employee count at XTM is 42.

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 98 active competitors, of which 3 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was nmbr, which secured $5.61M in Sep, 2024.

Who are the top competitors of XTM?

XTM's top competitors include Bottomline Technologies, Ramco and Humi HR. Among them, nmbr secured the most recent funding round in September, 2024.

XTM - 2026 Company Profile, Funding & Competitors

XTM is a public company based in Toronto (Canada), founded in 2006. It operates as a Provider of earned wage access platform for service-focused businesses. XTM has raised an undisclosed amount in funding. The company has 98 active competitors, including 3 funded and 8 that have exited. Its top competitors include companies like Bottomline Technologies, Ramco and Humi HR.

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 98 active competitors

Employee Count

42 as on Jul 01, 2024

Investment & Acquisitions

QRails & 2 more

Similar Companies

Exactuals & 65 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	8446069	Post IPO	3553887	9114320	2576175	8981517
Sep 14, 2021	6404248	Post IPO	7291700	8225045	4912766	5554590
Mar 01, 2021	1969305	Post IPO	4225158	7211322	1650031	David Bolno & 2 more

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View details of XTM's funding rounds and investors

XTM's employee count trend

XTM has 42 employees as of Jul 24. Here is XTM's employee count trend over the years:

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Top competitors of XTM include Bottomline Technologies, Ramco and Humi HR. 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	Bottomline Technologies 1989, Portsmouth (United States), Acquired	Provider of business payments automation, connectivity, cash management, and fraud solutions	-	Herald Investment Management, Trinity Capital ... & 2 others	68/100
2nd	Ramco 1997, Chennai (India), Public	Provider of enterprise resource planning, payroll, and logistics software solutions	-	Goldman Sachs, Axis Mutual Fund & 4 others	61/100
3rd	Humi HR 2016, Toronto (Canada), Acquired	Provider of human resources, payroll, benefits, and hiring software solutions	$33.2M	Decheng Capital, NewMargin Ventures & 22 others	60/100
4th	Rise 2011, Vancouver (Canada), Series A	Provider of human resources software specializing in payroll and benefits management	$16.5M	Timia Capital, Sun Life Financial	58/100
5th	Wagepoint 2012, Kitchener (Canada), Acquired	Cloud-based payroll management solution for businesses	$4M	Timia Capital, Extreme Venture Partners & 2 others	56/100
6th	XTM 2006, Toronto (Canada), Public	Provider of earned wage access platform for service-focused businesses	-	Harlo Entertainment, Groot Hospitality & 1 others	53/100
7th	AptPay 2019, Toronto (Canada), Unfunded	Payment disbursement solutions for B2C and B2B payments	-	-	43/100
8th	nmbr 2023, Toronto (Canada), Seed	Provider of payroll services	$5.61M	Motivate Venture Capital, Golden Ventures ... & 2 others	42/100
9th	Datawire Communication Networks 2013, Boston (United States), Early Stage	Provider of a platform simplifying global payments and modernizing payouts	$12.3M	MMV Financial	35/100
10th	PaymentEvolution 2008, Toronto (Canada), Funding Raised	Cloud payroll and payments	-	-	34/100

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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)