XTM Reports Record GDV and Heightened Business Growth in December 2022
XTM Inc. reported significant growth in December, with Gross Dollar Value (GDV) reaching
- December GDV rose to $50.4 million, a 14.4% increase from November.
- Added almost 100 new locations and 1,000 wallet holders in December.
- Launched 'Budget Insights' beta, resulting in over 1,000 opt-ins in two weeks.
- Continued growth in subscriptions for tip and gratuity management tool.
- None.
PROVIDES UPDATES ON
The Company added almost 100 new locations (doors) during the month of December and 1,000 additional wallet holders. Ancillary revenue streams were piloted through the introduction of ‘Budget Insights’, the early version of what will be a robust in-app subscription-based and gamified budgeting tool. The beta generated more than 1,000 opt-ins within the first two weeks of launch. In addition, the company continues to see subscriptions increase on its tip and gratuity management tool that was officially launched in 2022. With the success of these new revenue generating features, the Company will continue to roll-out several new Client and Today user services and features, including automated staff management/time and attendance.
“We provide today’s update with confidence,” said
About XTM
XTM, www.xtminc.com, is a
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities legislation. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the satisfaction or waiver of the conditions to the completion of the private placement, the receipt of the approval of the Canadian Securities Exchange, and the lack of material changes to general economic, market and business conditions. The CSE has not approved nor disapproved the contents of this press release, and the CSE does not accept responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230105005601/en/
For further information please visit:
https://www.xtminc.com/ or contact:
416.260.1641
finance@xtminc.com
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