Fintech company XTM Inc today announced the successful closing of its asset sale to Pateno Payments Inc., a subsidiary of Digital Commerce Group, for total consideration of US$3 million.
The transaction closed on September 17, 2025. At closing, XTM received the gross proceeds net of customary purchase price adjustments and a 90-day holdback for potential post-closing adjustments and final debt settlement.
As part of the transaction, the Company repaid its senior debt facility with 2Shores Capital in full, with security released.
This strategic divestiture represents a pivotal milestone in XTM’s path to profitability and sustainable growth. The sale is expected to significantly reduce monthly operating costs, positioning the Company to achieve cash neutrality.
Importantly, XTM will continue leveraging the QRails processing platform, ensuring seamless client service while eliminating the expense and operational complexity of running the processor in-house.
XTM maintains full ownership of its proprietary AnyDay™ platform, including payroll and time & attendance integrations, as well as key customer relationships. Further, the core QRails engineering team has transitioned to Pateno, supporting continued innovation and operational excellence for both organizations.
