XTM Inc. Acquires QRails, Inc.

XTM Inc. announced and completed the acquisition of QRails, Inc., a vertically integrated earned wage access (EWA) issuer-processor, in a transaction valued at approximately US$3.5 million (cash and XTM common shares) with XTM assuming QRails' debt. QRails — operator of the AnyDay EWA product with offices in Denver, Kansas City and London — will operate as a wholly owned subsidiary with Cary Strange named President, bringing issuer/processor capabilities and live US/UK EWA clients to XTM's payments business.