TimePayment, a 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 of 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 said 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 and CEO Jay Haverty noted, “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.”