TIM Group Secures £2M Strategic Debt Funding31st October 2014
TIM Group is pleased to announce that we are in receipt of £2 million strategic debt financing, from Barclays, to support the creation of new revenue streams.
The deal will enable us to continue investing in product development and tap into new sources of revenue. It is made up of a £1.5 million term loan and a £0.5 million overdraft facility.
Robert Bernstein, CFO of TIM Group said, “We’ve been working hard to develop our client product offering, which is beginning to open up new revenue streams with our existing client base, and making us an even more attractive proposition to new customers. The initiatives we have undertaken have resulted in significant revenue growth since the very first brokers bought licences to use the TIM Ideas in 2005.”