Royal Media, Trnsact to Host Event for Equipment Finance Networking

Royal Media will be working with payment integration platform Trnsact to help make a new event for the Equipment Finance sector, a press release said.

Called Equipment Finance Connect and taking place in Charlotte, it will facilitate “exclusive networking” for equipment vendors, lenders and insurance providers, and will reportedly be the first in the industry to let equipment vendors meet finance providers one on one, along with fostering F&I best practices in the industry.

The event will help equipment vendors start discussions with equipment and commercial trucking finance providers. It will hopefully add to more fruitful meetings.

Royal Media plans to use its expertise, as it had previously produced the Auto Finance Summit since 2001. And many participants of the Auto Finance Summit also work on equipment finance. And Trnsact will offer its own experience in equipment finance.

JJ Hornblass, CEO of Royal Media, said it was important to put on the event to help with the issues with equipment finance.

“Equipment finance is a fragmented industry – this event will do much to make it more cohesive and to improve the networking that is so vital to the industry’s long-term growth,” Hornblass said.

“Creating awareness about the benefits of automation and improved efficiency will help the entire industry,” said Vijay Patil, COO and co-founder of Trnsact.” The partnership with Royal Media will create a platform for knowledge-sharing and collaboration.”

In other news related to equipment financing, Boston FinTech TimePayment, which provides sales financing for specialty equipment sellers, has bought QuickSpark Financial, PYMNTS wrote.

Read more: Equipment Financer TimePayment Acquires Competitor QuickSpark

QuickSpark’s services help equipment vendors and end users get funding for their small businesses. The deal, which didn’t come with a dollar amount, will see QuickSpark as a strategic business unit of TimePayment.

“The QuickSpark team is extraordinarily talented at integrating with e-commerce websites and supporting vendors, with a high-touch approach to e-commerce sales that engages customers and drives larger order sizes,” TimePayment Executive Chairman Hank Reeves said in the release. “The acquisition is a great strategic and cultural fit for TimePayment.”