About TimePayment
TimePayment is a company based in Burlington (United States) founded in 1986.. The company has 237 employees as of February 29, 2020. TimePayment has completed 5 acquisitions, including Diversified Capital Credit, Kingswood Leasing and LeaseQ. TimePayment offers products and services including Equipment Financing, InfoHub™, and QuickQuote™. TimePayment operates in a competitive market with competitors including Wingspire Capital, Innovation Finance, AvTech Capital, Targeted Lending Co and CoreTech Leasing, among others.
- Headquarter Burlington, United States
- Employees 237 as on 29 Feb, 2020
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Timepayment Corporation,
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$375 M (USD), Debt – Conventional
Aug 31, 2022
-
Investors
-
Employee Count
237
as on Feb 29, 2020
-
Investments & Acquisitions
Diversified Capital Credit
& 4 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of TimePayment
TimePayment offers a comprehensive portfolio of products and services, including Equipment Financing, InfoHub™, and QuickQuote™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers loans for equipment with flexible monthly payments
Platform for managing financing applications and tracking
Calculator for estimating lease payments quickly
Funding Insights of TimePayment
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $375.0M
-
First Round
First Round
(30 Jan 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - TimePayment | Valuation |
investors |
|
| Jan, 2019 | Amount | Debt – Conventional - TimePayment | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by TimePayment
TimePayment has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Diversified Capital Credit, Kingswood Leasing and LeaseQ. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Provider of equipment leasing and financing quotes
|
2011 | ||||
|
Equipment lease-to-own financing is provided to businesses of all sizes.
|
2010 | ||||
|
Asset financing firm
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - TimePayment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Timepayment Comparisons
Competitors of TimePayment
TimePayment operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wingspire Capital, Innovation Finance, AvTech Capital, Targeted Lending Co and CoreTech Leasing, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides customized loans and financing to middle market firms worldwide.
|
|
| domain | founded_year | HQ Location |
Business equipment financing is facilitated via an app-based platform.
|
|
| domain | founded_year | HQ Location |
Equipment financing is facilitated through an online lending platform.
|
|
| domain | founded_year | HQ Location |
Equipment financing is provided to small businesses for various needs.
|
|
| domain | founded_year | HQ Location |
Equipment leasing services are provided to businesses by CoreTech Leasing.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Timepayment
Frequently Asked Questions about TimePayment
When was TimePayment founded?
TimePayment was founded in 1986 and raised its 1st funding round 33 years after it was founded.
Where is TimePayment located?
TimePayment is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
How many employees does TimePayment have?
As of Feb 29, 2020, the latest employee count at TimePayment is 237.
What does TimePayment do?
TimePayment was established in 1986 in Burlington, United States, within the financial services sector focused on equipment leasing. An online platform is utilized to deliver lending tools and capital, allowing equipment sellers and intermediaries to extend paperless lease options to customers. A network of independent vendors supports nationwide operations for both commercial and domestic equipment. Proprietary credit scoring and risk models are applied to offer financing across various credit levels.
Who are the top competitors of TimePayment?
TimePayment's top competitors include Innovation Finance, Targeted Lending Co and Second Avenue Capital Partners.
What products or services does TimePayment offer?
TimePayment offers Equipment Financing, InfoHub™, and QuickQuote™.
How many acquisitions has TimePayment made?
TimePayment has made 5 acquisitions, including Diversified Capital Credit, Kingswood Leasing, and LeaseQ.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.