TimePayment

What TimePayment does

TimePayment is a US-based FinTech company that provides equipment lease financing to small and medium businesses (SMBs) across 50+ industries, including restaurant, automotive repair, salon/spa, specialty printing, veterinary, waste management, and water equipment. Founded in 1993 around a proprietary credit-scoring model developed at MIT, the company has financed over 1 million equipment leases over its 30+ year operating history. Its core technology stack centers on an InfoHub™ dealer/broker portal for application submission and transaction tracking, a QuickQuote™ payment calculator, Finance Button Technology for vendor website integration, ReadyDocs™ for electronic document generation and eSignatures, and MyAccount Manager™ for end-customer account servicing. The company's go-to-market is primarily indirect/channel-based, relying on a network of more than 10,000 independent equipment vendors who embed TimePayment financing into their sales process, supplemented by a broker program (with commissions up to 15%) and a direct-to-buyer self-serve application channel.

TimePayment generates revenue through the spread between its funding costs (drawn from a $385 million revolving credit facility) and the monthly lease payments it receives, plus transactional and service fees. It supports transaction sizes from $500 to over $1.5 million, with automated credit decisions in seconds for transactions under $25,000 and manual decisions within four hours for larger deals. The company also offers premium vendor services (white-label portals, dedicated account managers, master leases) and enterprise programs with multi-year contracts. The company is privately held, incorporated in Massachusetts as TimePayment Corp, headquartered in Woburn, MA, with a second office in Irvine, CA (Wheaten Financial subsidiary), and is led by CEO Brian E. Boyle.

The company has pursued an aggressive roll-up strategy, completing five acquisitions since 2019: LeaseQ and Kingswood Leasing (both April 2019), Diversified Capital (January 2022), Wheaten Financial (May 2022), and QuickSpark Financial (September 2022), each retained as a subsidiary brand. The company holds memberships in the Equipment Leasing and Finance Association (ELFA), National Equipment Finance and Management Association (NEFA), American Association of Commercial Finance Brokers (AACFB), and is BBB-accredited.

Name

TimePayment

Legal name

TimePayment Corp

Website

https://timepayment.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

TimePayment is a US-based FinTech that provides equipment lease financing to SMBs across 50+ industries through a channel of 10,000+ equipment vendors and brokers, using a proprietary MIT-developed credit scoring model to underwrite transactions from $500 to $1.5MM+.

Ownership category

akta.pro rank

Product category

Equipment Leasing

NAICS

Sales Financing (52222)

SIC

Finance Lessors (6172)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Equipment leasing
• Equipment financing
• Vendor financing
• Broker financing
• Lease financing

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Lease Financing: TimePayment generates revenue by providing equipment lease financing to businesses. The company funds the full invoice amount for vendors and receives monthly payments from buyers over the term of the lease. Revenue comes from the spread between funding costs and lease payments, plus fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

TimePayment provides equipment lease financing to small and medium businesses, funding the full invoice amount to equipment vendors while collecting monthly payments from buyers over 24-60 month terms. The company operates a FinTech platform that connects equipment vendors, brokers, and buyers, using a proprietary MIT-developed credit-scoring model to approve customers across a wide range of credit profiles. Transactions range from $500 to $1.5 million+, with credit decisions delivered in seconds for amounts under $25,000.

Product overview

TimePayment is a Boston-based FinTech company operating as a unified equipment lease financing platform with multiple integrated tools and subsidiary brands. The core platform centers on InfoHub™ (dealer/broker portal), QuickQuote™ (payment calculator), and ReadyDocs™ (document generation), complemented by website integration tools including Finance Buttons and Co-Branded Application Links. The company serves over 10,000+ independent equipment vendors across 50+ industries through a portfolio of acquired sub-brands: QuickSpark (e-commerce financing), Wheaten Financial (titled vehicles/trucks), Diversified Capital (multi-industry equipment), and Waste Funding (waste management vertical). Transaction sizes range from $500 to $1.5MM+ with credit decisions in seconds for transactions under $25K. The platform also includes MyAccount Manager™ for customer account management.

Differentiator

Problem solved

Functional benefit

Products and services

• Equipment Lease Financing Core equipment lease financing service providing funding for equipment purchases from $500 to $1.5 million+ over 24-60 month terms. Serves SMBs across 50+ industries through vendor, broker, and direct channels. Credit decisions delivered in seconds for transactions under $25,000 and within 4 hours for larger amounts.
• QuickSpark FinTech brand acquired by TimePayment that helps businesses grow with innovative, technology-driven, and simple financing solutions for equipment purchases, with a focus on e-commerce financing.
• Wheaten Financial Subsidiary brand offering full-service funding options including equipment financing and unsecured working capital for titled trucks, trailers, and commercial vehicles.
• Diversified Capital Brand with 28+ years of experience financing equipment across a wide array of industries, offering fast and flexible programs for equipment vendors and companies seeking funding, with a focus on waste, home care, and test and measurement verticals.
• Waste Funding Waste management equipment financing division offering dedicated and personalized financial solutions for waste equipment, recycling equipment, and related vehicles.
• LeaseQ Financing marketplace acquired by TimePayment offering features designed to enhance vendor sales financing capabilities.
• Kingswood Leasing Subsidiary brand offering equipment leasing in specialty markets, operating as part of the TimePayment brand portfolio.

Quantifiable outcome

• Equipment deals with financing close 11 days faster on average
• +6 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• QuickSpark FinancialcoreStrategic or Co-development Partner · 6 September 2022TimePayment acquired QuickSpark Financial, an Arizona-based eCommerce financing company, to expand its sales financing services. The acquisition involved integrating QuickSpark's technology and operations, with over 30 employees hired and plans to migrate vendor website integrations to TimePayment's platform. QuickSpark now operates as a brand under TimePayment.
• Wheaten Financial Inc.coreStrategic or Co-development Partner · 9 May 2022TimePayment acquired Wheaten Financial Inc., an Irvine-based equipment financing firm focused on commercial vehicles and titled equipment. Wheaten operates as a wholly owned subsidiary under TimePayment, with its leadership continuing to manage the Irvine headquarters. The acquisition expanded TimePayment's presence in specialty vehicle and equipment segments.
• LeaseQcoreStrategic or Co-development PartnerLeaseQ was acquired by TimePayment in April 2019. The acquisition enhanced TimePayment's vendor sales financing platform with additional features and market reach. LeaseQ operates as a brand under TimePayment.
• Diversified CapitalcoreStrategic or Co-development PartnerDiversified Capital was acquired by TimePayment in January 2022. The company has been financing equipment across a wide array of industries for 28+ years. Diversified Capital operates as a brand under TimePayment, supporting waste, home care, and test and measurement verticals.
• Kingswood LeasingcoreStrategic or Co-development PartnerTimePayment completed the acquisition of Kingswood Leasing in April 2019. The acquisition accelerated expansion in key specialty markets. Kingswood operates as part of the TimePayment brand portfolio.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TimePayment
• LinkedInlinkedin.com/company/timepayment
• Xx.com/TimePayment

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TimePayment