Daily News: November 7, 2012

Wellington Financial Provides Financing for TIM Group

Wellington Financial, a privately held specialty finance firm, has provided a US$2.4 million venture debt financing for TIM Group. TIM Group is a SaaS developer of applications serving the financial services industry. Under the terms of the venture loan facility, Wellington Financial provided a term loan of $2.4 million to TIM Group and Barclays Bank provided an additional