Xtm Inc Stock Price, News & Analysis

XTM, a company based in Miami and Toronto, has announced the re-opening of its dining services at Drake Hotel and additional venues as part of its Today™ instant payout solution for digital employee payouts. With a strong history in hospitality, the Drake brand aims to enhance operational efficiency through XTM's fintech solutions. The restaurant sector continues to face challenges in staff recruitment post-pandemic, and XTM's services aim to address accelerated payout needs, enhancing employee satisfaction and operational excellence.

XTM, Inc. (QB: XTMIF / CSE: PAID) has partnered with Visa to launch a new Visa debit card as part of its Today Program, which provides earned wage and gratuity access to service workers in North America. This program, supported by a mobile app and wallet, aims to enhance employee financial well-being and improve workforce retention. The partnership is expected to leverage Visa’s analytics and insights to facilitate XTM's expansion into the U.S. market, aligning with positive trends in electronic payment methods across the industry.

XTM, Inc. (QB: XTMIF / CSE: PAID) reports that most hospitality organizations using its Today™ Earned Wage and Gratuity program are operational, with plans for expansion. The hospitality sector faces a high turnover rate of 73.8%, and XTM's app helps retain employees by facilitating quick access to earnings. A study shows 81% of workers prefer employers offering on-demand pay. CEO Marilyn Schaffer emphasizes the system's role in improving operational efficiency and employee retention in the struggling hospitality industry.

XTM, Inc. has announced the launch of Today Tippool™, an enhanced gratuity management solution developed from its acquisition of Tiproll. This product integrates with XTM's Today program, enabling hospitality businesses to streamline gratuity distributions. With increasing client demand, XTM anticipates broad adoption of this solution with minimal implementation effort. The company continues to explore complementary acquisitions and partnerships to add value to its service offerings in the hospitality sector.

XTM, a Miami and Toronto-based fintech company, reported significant growth in 2021, highlighted by a 600% increase in Gross Dollar Value (GDV) loads through its platform. GDV reached nearly $60 million during Q4 2021, marking over a 50% increase from the prior quarter. Member activations surged by over 250% year-over-year. The company secured a private placement of $8.5 million for expansion, launched new programs including a cash-back initiative, and made key acquisitions to enhance its services in the hospitality sector. XTM is positioned for continued growth with a focus on Earned Wage Access services.

XTM, Inc. reported a strong performance in Q3 2021, achieving a 117% revenue increase to $862K compared to $397K in Q2 and a 327% increase over Q3 2020. The company saw significant customer acquisition, adding 334 new locations, a 185% increase from Q2. Gross Dollar Value (GDV) loaded on the platform rose 111% to over $48MM. Key partnerships were established, including with The Bancorp, Inc. for banking services. Overall, the company is experiencing rapid growth in user engagement and financial performance.

XTM, Inc. (QB:XTMIF / CSE:PAID) has announced a partnership with The Bancorp, Inc. (NASDAQ:TBBK) to provide back-end banking services and card issuing sponsorship for its instant employee payout solution tailored to the hospitality and personal care industries in the U.S.

The partnership aims to launch the Today™ Program in Q4, featuring various banking solutions such as Visa debit, ACH, direct deposits, and surcharge-free ATMs. XTM’s CEO Marilyn Schaffer highlighted The Bancorp as a leading choice for innovative banking support.

XTM, a Miami and Toronto-based fintech innovator, has signed Service Inspired Restaurants (SIRCORP) to its Today Mobile App, enhancing gratuity payouts for thousands of restaurant staff across Canada. The app, which offers real-time access to earned wages, aims to eliminate cash from restaurant ecosystems, promoting efficiency and employee motivation. XTM's solution is part of a growing trend towards digital payment methods, with the global prepaid card market projected to reach $6.87 trillion by 2030. This partnership signifies a significant step in XTM's expansion within the hospitality sector.

XTM, Inc. (QB: XTMIF), a fintech company specializing in neo-banking, announced that Gusto 54 has selected its cashless Earned Gratuity Access solution for employee payouts at its restaurants. This partnership aims to address staffing shortages in the hospitality industry by enabling same-day gratuity access, enhancing employee satisfaction. CEO Janet Zuccarini emphasizes the importance of supporting staff, while XTM CEO Marilyn Schaffer highlights their commitment to delivering efficient cashless solutions. XTM serves numerous businesses across North America with its innovative payment technology.