XTM Inc, a fintech company, has recently finalized an asset sale to Pateno Payments Inc., which operates under the Digital Commerce Group, for a total value of $3 million USD. This transaction was officially completed on September 17, 2025. Upon closing, XTM received the proceeds, which were adjusted based on typical market practices and included a 90-day holdback for any potential adjustments or final debt settling.
As a result of this transaction, XTM fully settled its senior debt with 2Shores Capital, lifting the associated security. This divestiture marks an important step towards profitability and sustainable growth for the company. The sale is anticipated to significantly decrease monthly operational expenses, enabling the company to work towards achieving cash neutrality.
Moreover, XTM is set to maintain its utilization of the QRails processing platform, which will help ensure that client services proceed smoothly while alleviating the burden and complexity associated with managing the in-house processor.
The company retains full ownership of its proprietary AnyDay™ platform, which features payroll and time & attendance integrations, along with essential customer relationships. Additionally, the core engineering team from QRails has been integrated into Pateno, fostering continued innovation and operational success for both firms moving forward.