TimePayment, a financial technology company specializing in commercial and specialty equipment lease financing, has reached 1 million leases financed.
“This milestone is really important to us,” Jay Haverty, president and CEO of TimePayment, said. “For more than 30 years, we’ve been helping America’s small businesses succeed by providing lease financing for the critical equipment they need to grow and prosper. Every one of those million leases represents an entrepreneur taking the next step on their journey. When they succeed, we succeed.”
According to Haverty, the company’s embracing of technology has also been a major factor in pushing it toward this new milestone.
“It’s been a constant evolution. In fact, we’ve just upgraded our technology platform so we can deliver for businesses even better,” Haverty said, noting that a multi-year, organization-wide platform modernization has boosted TimePayment’s automation capabilities and ability to bring new products to market while delivering vendors a more intuitive user interface, allowing them to close deals and manage accounts more easily.
TimePayment plans to help even more businesses finance equipment going forward. The company’s acquisition of Wheaten Financial earlier this year marked its first foray into the titled vehicle space, and its recent acquisition of QuickSpark Financial has expanded its customer base and deepened its website integration capabilities.
“We’ve set our sights on 2 million leases,” Haverty said. “And it’s going to take a lot less than 30 years to get there.”
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