XTM, Inc.
- Company typePublic
- Founded2006
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What XTM, Inc. does
XTM, Inc. is a Toronto-based fintech company founded in 2006 and publicly listed on the CSE (PAID), OTCQB (XTMIF), and FSE (7XT). The company built and operates the AnyDay platform, which provides Earned Wage Access (EWA), on-demand payment disbursement, automated tip pooling, and gratuity compliance tooling, with a primary focus on the hospitality vertical (restaurants, bars, hotels, sports/entertainment venues). Named customers include Marriott Hotels, Earls, Maple Leaf Sports & Entertainment, Cactus Club, and Live Nation, served through 3,500+ onboarded business locations. The product portfolio includes VISA Direct and Mastercard Send payment rails, Pre-Authorized Debit, Direct Deposit, Digital Banking, the Vert Credit Program, Issuing Cards, the Tip Calculator, and white-label APIs enabling third-party integration.
The company monetizes primarily through transaction fees on payment processing and interchange (over $800M in annual payment volume, ~95% Canada-concentrated), supplemented by subscription-based platform access and EWA-related fees. GTM combines enterprise field sales to large hospitality brands with product-led self-serve onboarding for SMB locations. Distribution channels include direct digital platform access, white-label API/OEM integrations, the EPF/Everyday Payments joint venture for Canadian operations, and a PayNow direct-sales motion targeting U.S. temporary and migrant workers with remittance and benefits.
In 2025-2026, XTM underwent severe operational and regulatory distress: it divested its QRails processing technology to Pateno Payments for USD $3 million, entered a joint venture with Everyday People Financial Corp., accumulated a trust deficit of approximately $18.75 million, was subject to a Bank of Canada Retail Payment Activities Act compliance order in February 2026 requiring cessation of retail payment activities, and was granted CCAA creditor protection later that month. A Sale and Investment Solicitation Process was court-authorized in April 2026, with The Fuller Landau Group Inc. appointed as Monitor and an RCMP investigation underway.
XTM, Inc. firmographics
Firmographics- Name
- XTM, Inc.
- Legal name
- XTM Inc.
- Website
- https://xtminc.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
XTM, Inc. industry classification
Industry- Product category
- Earned Wage Access Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Instant Payouts & Earned Wage Access (EWA) (FSAMAKAM)
- akta.pro secondary industries
- Earned Wage Access (EWA) & Salary Advances (FSAKAMAE), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where XTM, Inc. is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
XTM, Inc. business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Payment Processing & Interchange: Revenue generated from processing payments and interchange fees on prepaid cards and digital wallets. XTM processes over $800 million in payment volume annually, with 95% of volume in Canada.
- Platform Subscription Services: Subscription-based access to the AnyDay platform for gratuity payout solutions, with free and premium tiers available for hospitality and service businesses
- Real-time Payment Fees: Revenue from instant/real-time payment disbursements, representing a sizeable portion of company revenues according to financial disclosures
- Earned Wage Access (EWA): Revenue from earned wage access solutions, with the platform generating material revenue projections for 2023 and 2024
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free gratuity payout solution for hospitality businesses |
| Subscription | Annual | Subscription-based premium services |
| Unit Pricing | Pay-as-you-go | PayNow worker benefits under $1/day |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
XTM, Inc. product offering
Product offeringCore offering
XTM, Inc. operates the AnyDay fintech platform that delivers Earned Wage Access (EWA), automated tip pooling, and real-time payouts to hospitality and service-industry workers via digital wallets, prepaid cards, and white-label APIs. The company processes more than $800 million in annual payment volume across 3,500+ business locations, with additional offerings including VISA Direct/Mastercard Send disbursement, payroll rails, digital banking, and the PayNow program for U.S. temporary and migrant workers.
Product overview
XTM, Inc. is a fintech innovator offering a unified AnyDay platform with multiple integrated payment modules and services. The core AnyDay platform provides Earned Wage Access (EWA) and on-demand payments for service industry workers. Supporting modules include VISA Direct & Mastercard Send for payment disbursement, Pre-Authorized Debit and Direct Deposit for payroll, Digital Banking with wallet functionality, Issuing Cards for physical/virtual card access, and the Tip Calculator for gratuity management. The company also offers white-label APIs for third-party integration, Mobile Apps and Web Portals as access channels, and specialized products like PayNow for migrant workers and the Vert Credit Program. Through its QRails subsidiary technology, XTM processes over $800 million in payments annually serving hospitality, personal care, and staffing sectors across North America.
Differentiator
Problem solved
Functional benefit
Brands
- AnyDay: Platform enabling on-demand access to earned wages and real-time payments for hospitality and service workers
- PayNow
- AnyDay™
- EveryDay Payments
Products and services
- AnyDay Platform Flagship fintech platform providing Earned Wage Access (EWA), on-demand payments, automated tip pooling, and financial wellness tools for service-industry workers. Allows restaurants, salons, hotels, and service businesses to offer employees faster access to earned wages and gratuities via digital wallets and prepaid cards.
- PayNow Global workers payout program offering digital bank accounts, cash loading, debit cards, remittance transfers to Mexico, and employee benefits (repatriation, sick day pay) for U.S. temporary and migrant workers, priced under $1 per day per worker.
- Issuing Cards Physical and virtual card issuance service for employees to access wages, tips, and gratuities via prepaid cards linked to the AnyDay wallet.
- Digital Banking Digital banking services including digital wallet functionality for storing and accessing tips and wages, with cash-back rewards and budgeting insights for service-industry workers.
- Vert Credit Program Credit program providing additional financial services, including credit access, to service-industry workers who use the AnyDay platform.
- Tip Calculator Standalone gratuity calculator tool for hospitality settings that automates tip calculations and supports compliant tip distribution for restaurants and service businesses.
- XTM APIs White-labeled API integration product allowing businesses to add AnyDay payment and EWA features to their existing apps, portals, or webpages, with customizable payment flow, logo, and branding elements.
Quantifiable outcome
- 40% increase in active platform users year-over-year
- +4 more outcomes
Companies that use XTM, Inc.
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
XTM, Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
XTM, Inc. partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Everyday People Financial Corp.coreManagement Services and Program Management Agreement to integrate XTM's Canadian payments operations, forming joint subsidiary called Everyday Payments. EPF manages operations using its Digital Commerce Bank platform. Initial term of five years with renewal options, aiming to create a comprehensive fintech ecosystem with improved cost efficiency and revenue sharing.
- Pateno Payments Inc.coreDefinitive Asset Purchase Agreement for sale of QRails, Inc. processing technology for USD $3,000,000. Pateno, a subsidiary of Digital Commerce Group, acquired the processing technology while XTM retains full ownership of its proprietary EWA platform. The transaction is expected to reduce XTM's monthly operating costs by 50% and position the company to reach cash neutrality by Q3 2025. Pateno also provided debtor-in-possession financing under CCAA protection.
- KOHOminorReferral agreement originally announced November 2024, allowing approximately 10,000 AnyDay members to transition to KOHO. Agreement was subsequently dissolved in April 2025, with members reverting back to AnyDay platform by June 30, 2025.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
XTM, Inc. competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
XTM, Inc. social profiles
Digital presenceXTM, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
XTM, Inc. leadership team
Management profileNumber of profiles
Profiles6 records
XTM, Inc. subsidiaries and ownership
Company hierarchySubsidiaries3 records
XTM, Inc. funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XTM, Inc. M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XTM, Inc.
What does XTM, Inc. do?
XTM, Inc. operates the AnyDay fintech platform that delivers Earned Wage Access (EWA), automated tip pooling, and real-time payouts to hospitality and service-industry workers via digital wallets, prepaid cards, and white-label APIs. The company processes more than $800 million in annual payment volume across 3,500+ business locations, with additional offerings including VISA Direct/Mastercard Send disbursement, payroll rails, digital banking, and the PayNow program for U.S. temporary and migrant workers.
Is XTM, Inc. a public or private company?
XTM, Inc. is a public company. It is classified as public and is currently operating.
When was XTM, Inc. founded?
XTM, Inc. was founded in 2006. It employs 11 to 50 people.
Where is XTM, Inc. based?
XTM, Inc. is headquartered in Toronto, Canada, in the North America region.
How does XTM, Inc. make money?
Four revenue lines are on record. Payment Processing & Interchange is the primary driver. The others are platform Subscription Services, real-time Payment Fees and earned Wage Access (EWA).
Does XTM, Inc. have an API?
Yes. XTM offers APIs that enable white-labeled payment integration. Users can add payment features to existing apps, portals, or web pages. The white-labeled UI allows customization of payment flow, logo, and branding elements. The API powers the AnyDay platform for real-time payment disbursement and earned wage access.
What industry is XTM, Inc. in?
XTM, Inc.'s product category is Earned Wage Access Platform. Its primary akta.pro industry code is FSAMAKAM, Instant Payouts & Earned Wage Access (EWA), with a secondary code of FSAKAMAE, Earned Wage Access (EWA) & Salary Advances. Its NAICS code is 52232 and its SIC code is 6199.