Montfort Capital

What Montfort Capital does

Montfort Capital Corp. is a publicly traded specialty private credit manager (TSX-V: MONT; OTCQB: MONTF) headquartered in Toronto, Ontario, that acquires, manages, and builds specialized private credit brands serving diversified market segments in Canada and North America. Originally incorporated as GreenAngel Energy Corp., the entity was renamed TIMIA Capital Corp. in September 2015 and later rebranded to Montfort Capital. Through the 2021 acquisition of Pivot Financial, the 2022 acquisitions of Brightpath Capital and Langhaus Financial Partners, and the 2024 launch of Nuvo Financial Partners, Montfort assembled a multi-brand lending platform that has since been substantially reduced through divestitures.

As of late 2025, Montfort's two continuing operating subsidiaries are Langhaus Financial, Canada's largest independent provider of insurance-policy-backed loans serving high-net-worth individuals and entrepreneurs (78% owned since October 2022), and Nuvo Financial, which provides revolving NAV-based loans to Canadian alternative asset managers and ultra-high-net-worth clients. Previously held brands included TIMIA Capital (revenue-based financing for North American SaaS companies), Pivot Financial (asset-based lending to Canadian SMEs with up to 100 employees and CAD 100 million in revenue), and Brightpath Capital (residential mortgages for non-bank borrowers). Montfort historically generated revenue through interest income on private credit loans, management and performance fees (e.g., TIMIA LP III charged a 2% management fee and 20% performance fee above an 8% hurdle, targeting 13-15% returns), origination and amendment fees, and dividends on listed Series A and Series C preferred shares. The company describes a proprietary fintech platform that enables active credit monitoring and continuous analysis of portfolio-company performance metrics.

Montfort has undergone extensive restructuring through 2024-2026 under CEO Ken Thomson. The company divested TIMIA Group to Round13 Capital in October 2024 for CAD 6.5 million, sold its Brightpath mortgage business in April 2025 to a related-party buyer controlled by former director Blake Albright, and completed the sale of Pivot Group in November 2025 for CAD 1 million cash plus a CAD 1.28 million promissory note. Despite a 10% revenue decline to CAD 4.3 million in fiscal 2025, the company reported positive Adjusted EBITDA of CAD 4.4 million versus a CAD 20.5 million loss in 2024, driven by a 15% reduction in operating expenses to CAD 9.0 million. The company is currently subject to two successive Failure-to-File Cease Trade Orders from the Ontario Securities Commission (May 2025 and May 2026) over delayed audited filings, has paused preferred-share dividends, appointed MNP LLP as auditor, and saw two independent directors resign in April 2026 alongside the Q3 2025 departure of CFO Sam Hall, whose role has been outsourced to Catapult Consulting Group.

Name

Montfort Capital

Legal name

Montfort Capital Corp.

Website

https://montfortcapital.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Montfort Capital Corp. is a publicly traded private credit manager (TSX-V: MONT) that acquires and operates specialized lending brands in Canada. It currently focuses on Langhaus Financial (insurance-policy-backed loans to HNW individuals) and Nuvo Financial (NAV loans), after divesting TIMIA, Brightpath, and Pivot.

Ownership category

akta.pro rank

Product category

Private Credit Management

NAICS

Credit Intermediation and Related Activities (522), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

akta.pro secondary industry

NAV-Based / Portfolio Finance (Liquidity for LPs/GPs) (FSANAFAM)

Keywords

• Private credit management
• Specialty finance
• Insurance-backed lending
• Asset-based lending
• Alternative credit

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Private Credit Loans: Montfort generates revenue through interest payments on private credit loans across its subsidiaries (Langhaus, Pivot, Nuvo). Langhaus provides insurance policy-backed loans to high-net-worth individuals, Pivot provides asset-based lending to SMEs, and Nuvo provides NAV-based loans to alternative asset managers and UHNW individuals.
2. Management and Performance Fees: TIMIA Capital LP III charges a 2% management fee and 20% performance fee after 8% hurdle. The fund targets 13-15% returns for Class X units with a minimum investment of $25,000 USD. Montfort also earns loan servicing fees and performance fee income for loan management services performed for Pivot.
3. Origination and Transaction Fees: Revenue is generated through origination fees and amendment fees from loan facilities, as well as transaction fee income from loan management activities.
4. Dividend Income from Preferred Shares: Montfort has Series A, Series B, and Series C preferred shares. Series A Preferred shares pay fixed non-cumulative preferential cash dividends at an annual rate of $0.08 per share, convertible to common shares at $1 per share.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Montfort Capital is a publicly traded private credit manager (TSX-V: MONT) that acquires, manages, and builds specialized private credit companies. Its continuing operating brands, Langhaus Financial and Nuvo Financial, provide insurance policy-backed loans to high-net-worth individuals and revolving net asset value (NAV)-based loans to alternative asset managers and ultra-high-net-worth individuals, supported by a proprietary fintech credit monitoring platform.

Product overview

Montfort Capital operates as a diversified private credit manager with a portfolio of specialized lending brands. The company structure includes parent company Montfort Capital Corp. (TSX.V:MONT) and multiple subsidiary brands: TIMIA Capital (revenue-based financing for SaaS companies, now sold), Pivot Financial (asset-based lending for SMEs), Langhaus Financial (insurance policy-backed loans for high-net-worth individuals), and Nuvo Financial (NAV loans for alternative asset managers). Investment vehicles include TIMIA Capital LP III for accredited investors. The company has undergone significant restructuring, selling TIMIA (2024), Brightpath (2025), and Pivot (2025) to focus on continuing operations.

Differentiator

Problem solved

Functional benefit

Brands

• TIMIA Capital: Revenue-based financing focused on selective, high-yield loan opportunities to revenue generating North American SaaS companies. Generates revenue through interest payments, recurring fees and exit fees.
• Pivot Financial
• Langhaus Financial
• Nuvo Financial

Products and services

• Langhaus Financial - Insurance Policy-Backed Loans Insurance policy-backed loans for high-net-worth individuals and entrepreneurs in Canada, with loans collateralized by assignment of whole life insurance policies. Canada's largest independent provider of insurance policy-backed loans.
• Nuvo Financial - NAV-Based Loans Revolving net asset value-based loans (NAV loans) for Canadian alternative asset managers and ultra-high-net-worth individuals.
• Montfort Capital Common Shares Equity ownership in a publicly traded private credit management company, providing access to an early-stage private credit manager growth opportunity. Traded under MONT on TSX-V and MONTF on OTCQB.
• Montfort Capital Series A Preferred Shares

Quantifiable outcome

• Adjusted EBITDA of $4.4 million in 2025 versus negative $20.5 million in 2024
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Langhaus Financial Partners Inc.coreChannel Partner/ Reseller/ Distributor · 3 October 2022Montfort acquired approximately 78% of Langhaus Financial Partners Inc., Canada's largest independent provider of insurance policy-backed loans, in a deal valued at $12 million (cash payment of $7.02 million plus contingent payments). Langhaus focuses on high-net-worth individuals and entrepreneurs.
• Nuvo Financial PartnerscoreChannel Partner/ Reseller/ DistributorNuvo partners with Canadian alternative asset managers and ultra high-net-worth individuals to provide revolving net asset value-based loans ('NAV loans'). Nuvo is one of Montfort's continuing operating divisions alongside Langhaus.

Scale indicators11 records

Recent moves9 records

Expansion highlights3 records

Broad incumbents

• Carlyle Credit Income Fund: Public, institutionally managed CLO/private credit vehicle of a global alternatives giant. Overlaps Montfort's LP-style private credit offerings but operates at substantially larger scale and brand recognition.
• Sprott Inc. TSX-listed alternative asset manager with private credit, resource lending, and fund management operations. Broader in scope than Montfort but overlapping in specialty credit and LP distribution to Canadian investors.

Direct peers

• Firm Capital Mortgage Investment Corporation: Canadian specialty lender focused on commercial and residential mortgages and discounted debt. Comparable to Montfort in serving a non-bank lending niche through a public Canadian entity.
• Trez Capital Group: Canada's largest non-bank commercial mortgage lender, managing private syndicated mortgages and LP funds. Direct peer to Montfort's Langhaus and Nuvo private-credit LP offerings for accredited investors.
• Whitecap Direct Lending: Canadian specialty direct lender offering asset-based and cash-flow loans to SMEs. Comparable to Montfort's pre-divestiture Pivot book and core Canadian private credit positioning.
• Runway Growth Finance Corp: Nasdaq-listed specialty finance company providing venture and growth debt to high-growth technology and SaaS companies. Closely analogous to Montfort's divested TIMIA Capital revenue-based financing model.
• Timbercreek Financial Corp: TSX-listed specialty finance company focused on direct lending and real estate finance across Canada. Direct comparable to Montfort in scale, product mix (asset-based and specialty loans), and Canadian public-market footprint.
• Ellington Financial Inc. Specialty finance company acquiring and managing mortgage-related and corporate credit assets. Comparable to Montfort's mix of insurance-backed (Langhaus), NAV-based (Nuvo), and historically mortgage (Brightpath) loans.
• Stellus Capital Investment Corp: NYSE-listed business development company providing senior and junior direct loans to middle-market companies. Comparable to Montfort in specializing in lower-middle-market direct private credit.
• Portman Ridge Capital Corp: US specialty finance company focused on opportunistic credit investments in the lower middle market. Comparable in scale and approach to Montfort's diversified private credit book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xtwitter.com/mont_capital
• LinkedInlinkedin.com/company/montfort-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Montfort Capital