TimePayment
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+.
- Company typePrivate
- Founded1993
- HeadquartersBurlington, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
TimePayment firmographics
Firmographics- 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
TimePayment industry classification
Industry- 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
Where TimePayment is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
TimePayment business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Vendor Program - Self-Service |
| Transaction based/ take rate | Pay-as-you-go | Premium Service Program |
| Transaction based/ take rate | Pay-as-you-go | Broker Program |
| Transaction based/ take rate | Multi-year contract | Enterprise Solutions |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
TimePayment product offering
Product offeringCore 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
Companies that use TimePayment
Customer profileNamed customers5 records
Segments10 records
Ideal customer profiles4 records
TimePayment technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
TimePayment partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- QuickSpark FinancialcoreTimePayment 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.coreTimePayment 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.
- LeaseQcoreLeaseQ 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 CapitalcoreDiversified 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 LeasingcoreTimePayment 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
TimePayment competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
TimePayment social profiles
Digital presenceTimePayment financial estimates
Financial estimateRevenue estimate
Valuation estimate
TimePayment leadership team
Management profileNumber of profiles
Profiles3 records
TimePayment subsidiaries and ownership
Company hierarchySubsidiaries5 records
TimePayment funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TimePayment M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TimePayment
What does TimePayment do?
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.
Is TimePayment a public or private company?
TimePayment is a private company. It is classified as management employee owned and is currently operating.
When was TimePayment founded?
TimePayment was founded in 1993. It employs 101 to 250 people.
Where is TimePayment based?
TimePayment is headquartered in Burlington, United States, in the North America region.
How does TimePayment make money?
One revenue line is on record: equipment Lease Financing.
Does TimePayment have an API?
Yes. TimePayment offers a Broker API that enables brokers to integrate TimePayment's financing capabilities directly into their own systems or workflows. Applications can be submitted through InfoHub, web integrations, or directly through the Broker API. The API supports transaction sizes ranging from $500 to $1.5MM+, with rapid credit decisions within seconds for qualifying transactions and larger transactions reviewed within hours.
What industry is TimePayment in?
TimePayment's product category is Equipment Leasing. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52222 and its SIC code is 6172.