TimePayment Accelerates Post-COVID Sales Growth with Key Executive Hires | New

TimePayment has announced the appointment of Michael Adams as senior vice president and chief commercial officer, directing all revenue-related activities of the business, and Marc Sheehan as Vice President and General Manager of Capital Markets and Strategic Partnerships, with a particular focus on strengthening TimePayment’s syndication relationships.

BURLINGTON, Mass., June 2, 2022 /PRNewswire-PRWeb/ — TimePayment, an award-winning FinTech company specializing in commercial equipment leasing finance, has entered into a wave of expansion to position itself to excel post-pandemic, including making 30 initial hires. TimePayment also announced the appointment of Michael Adams as senior vice president and chief commercial officer, directing all revenue-related activities of the business, and Marc Sheehan as Vice President and General Manager of Capital Markets and Strategic Partnerships, with a particular focus on strengthening TimePayment’s syndication relationships.

President and CEO Jay Haverty said of the expansion, “We strive to provide the best sales support for our suppliers. As a result, we provide our supplier partners with sales coverage teams that are uniquely focused on their industry. Our hiring of 30 new front-end employees reflects the growth we are seeing in volume of applications and funding across all of our industries.”

In the executive suite, Michael Adams brings to TimePayment 30 years of experience in sales and revenue functions in the FinTech banking, payments and lending industries. Adams’ legacy includes growing sales revenue at Snap Advances and CAN Capital, as well as helping bring FinTech payments processor Marketa through its $15 billion IPO, while increasing customer satisfaction and retention at all levels.

Haverty says of Adams, “It’s a daunting task to have someone coordinate and centralize business development and marketing sales automation for over 30 industry verticals. Mike owns at both sales and project management experience to help us gain efficiencies as we continue to enter even more vertical markets and grow our industry-specialized sales teams.”

Marc Sheehan has over 40 years of leasing and information technology experience, including leadership roles at Lease Corporation of America, Crestmark Bank, Wintrust Capital, EverBank (now TIAA), PNC and Comdisco . Sheehan is a 15-time winner of the Top Sales Producer Award, and at National City Bank (now PNC), he has won the Excel Award, the bank’s highest honour, both nationally and regionally. Sheehan will apply his deep knowledge to build Time Payment’s syndication capabilities and explore strategic partnerships with institutional partners, banks and other financial institutions. “People think of us as a micro-ticket lender, but we do a lot more than that,” says Sheehan. “Our relationships with capital markets allow us to manage transactions of almost any size on behalf of our suppliers.”

“We are always interested in helping our suppliers serve as many customers as possible,” says Haverty. “Mark will play a key role in building stronger and deeper relationships with financial institutions to expand our credit window and enable us to ultimately say ‘Yes’ to more applicants on behalf of each of our vendors. “

Michael Adams and TimePayment’s sales team, including its Diversified Industries, POS and Terminal Leasing, and Restaurant and Franchise groups, will be exhibiting at multiple shows this summer, including the Automate conference, June 6-9 at Detroit, Michigan; Southeast Acquirers Association SEAA 2022, June 13-16 at Atlanta, Georgia; and the International Manufacturing Technology Show (IMTS), September 12-17 at Chicago, IL. Contact Marc Sheehan capital markets or strategic partnerships, visit the Contact page on TimePayment.com.

Visit TimePayment.com to learn more about TimePayment’s wide range of financing products and services that help sellers sell more and businesses of all sizes grow.

About TimePayment™

TimePayment is a BostonNew York-based FinTech owned by affiliates of Fortress Investment Group, a leading and highly diversified global investment manager. TimePayment leads the industry with technology tools and capital that enable equipment vendors and financial intermediaries to offer their customers fast, paperless equipment lease financing. The company’s proprietary credit rating and risk-based transaction model provide competitive lease financing solutions across the credit spectrum; from Fortune 500 companies to small start-ups. TimePayment proudly serves over 100,000 active accounts with transaction sizes ranging from $500 to end $500,000.

Media Contact

Z Wright, TimePayment, 1-877-868-3800, [email protected]

SOURCE TimePayment

Sallie R. Loera