FinTech Company Taps Banking Veteran to Lead Diversified Industries Vertical and Develop Device-as-a-Service Programs
BURLINGTON, Mass., July 14, 2022 /PRNewswire-PRWeb/ -- TimePayment, an award-winning FinTech company specializing in commercial equipment lease financing, has announced the hiring of Paul Braspenninckx as Vice President of Sales, Diversified Industries.
Braspenninckx has more than 25 years' experience in the banking and finance industry, including positions with GE Capital, De Lage Landen, and most recently with ENGS Commercial Finance, where he was Vice President of Sales, leading sales strategies, driving account growth and fostering new customer acquisitions.
Braspenninckx says three things brought him to TimePayment: "Number one, the people: There's a great team here. Two, the number of products—that's a huge advantage. Three, the technology is great." Within his vertical, Braspenninckx is focused on training new hires, strengthening their vendor and funding bases, and bringing in national strategic accounts. "A lot of vendors and OEMs don't have a true micro-ticket product or partner. TimePayment not only provides that, but with our technology, we can provide a single unified experience for vendors to offer mainstream small and mid-ticket products through our syndication partners. I foresee strong growth in our Diversified Industries vertical post-COVID."
TimePayment President & CEO Jay Haverty notes, "Fundamentally, Diversified Industries is a role requiring extensive industry experience, with the ability to put vendor service and white-glove attention first and foremost. Paul can absolutely deliver that. His experience in both small and mid-ticket leasing, providing captive-like levels of service, will enable us to provide those same services to the niche markets that TimePayment focuses on, continuing our elevation of service and quality."
Haverty also intends to put Braspenninckx's experience to use to respond to tomorrow's equipment leasing landscape. "Paul is going to help us with the transition from traditional equipment leasing to the device-as-a-service model that combines connected infrastructure and equipment. He'll be guiding larger small-ticket leasing vendor programs to take advantage of this new landscape."
Visit TimePayment.com to learn more about the many industries TimePayment serves, as well as to discover the broad array of financing products and services that help vendors sell more and businesses of all sizes grow. To contact Paul Braspenninckx about strategic opportunities, visit the Contact page at TimePayment.com.
About TimePayment™
TimePayment is a Boston-based FinTech company owned by affiliates of Fortress Investment Group, a leading, highly diversified global investment manager. TimePayment leads the industry with technology tools and capital that enables equipment sellers and financial intermediaries to offer fast, paperless equipment lease financing to their customers. The company's proprietary credit scoring and risk-based transaction model delivers competitive lease financing solutions across the credit spectrum; from Fortune 500 companies to small business start-ups. TimePayment proudly serves more than 100,000 active accounts with transaction sizes ranging from $500 to over $500,000.
Media Contact
Z Wright, TimePayment, 1 877-868-3800, [email protected]
SOURCE TimePayment
Share this article