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TimePayment Acquires Diversified Capital Credit, Expanding Reach in Key Verticals

January 26, 2022, 07:19 AM
Filed Under: Mergers & Acquisitions

TimePayment, a fintech company specializing in commercial equipment financing, announced the acquisition of Diversified Capital Credit Corporation (DCC), an equipment financing firm with concentrations in the waste/recycling, home care/healthcare, test and measurement, transportation, photography, and energy industries.

“A big part of what sets TimePayment apart is how deeply embedded we are in the verticals we serve. DCC’s vast experience in the booming waste/recycling sector, as well as its expertise in home health and testing and measurement, are a perfect fit for our philosophy and for the superior level of service we provide. They know their industries inside and out,” said Jay Haverty, TimePayment’s President and Chief Executive Officer.

The union is also a great fit for Diversified Capital Credit, according to Bruce Smith, founder, Owner and President, who will stay on at TimePayment as a Vice President of Sales. “We're excited to work with a company that’s been in the market for 35 years with a great track record. The TimePayment acquisition allows us access to a fintech company with a high-level technology platform and high-level marketing capabilities.”

Founded in 1994 and operating out of New Jersey and Georgia, DCC is known in the market via a variety of trade names, including Waste Funding, FotoFunding and Healthcare Equipment Funding. DCC is largely small-ticket focused and offers financing to a wide credit spectrum of customers including small business startups.

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