XTM expands platform and adds 90 locations in Q1

XTM, a fintech company based in Toronto, has announced several updates regarding its business and product offerings. The company is known for providing automated tip pooling, instant payouts, and Earned Wage Access (EWA) through its AnyDay™ platform. In the first quarter of 2025, XTM added 90 new locations to its network. To enhance user experience, it has introduced new options for earning access. Members can now bypass using physical cards and instead receive two monthly tip deposits directly to their bank accounts. Starting in the second quarter of 2025, users of Scheduled Payments will also have the ability to request a portion of their earnings through the app. This feature allows for additional withdrawals beyond the standard twice a month, aiming to support users with unexpected financial needs. XTM remains committed to its clients and members, focusing on its tailored B2B2C solutions. The company plans to continue investing in the AnyDay™ platform while reducing its reliance on physical cards. This change is expected to minimize costs and logistical issues tied to card issuance. The company emphasizes building direct relationships with employers across North America, which aligns with its goal of driving scalable growth and achieving sustainable profitability. XTM provides innovative payment solutions to various industries, including hospitality and staffing.