UK-based lender Time Finance has partnered with verifi for the launch of a virtual asset inspection platform.

The “self-certifi” tool is designed to facilitate virtual inspections, supporting asset finance and the refinancing of existing assets for SMEs and brokers.

According to a statement from Time Finance, this digital solution is expected to reduce the reliance on physical inspections, saving both time and costs.

It is part of the company’s digital enhancement strategy, aiming to refine processes, elevate the customer experience, and minimise risk.

Time Finance asset finance managing director Steve Nichols said: “With our continued growth and strategy to utilise technology as an enabler, we needed a trusted and reliable technology partner that could integrate seamlessly with our existing processes.

“verifi enables us to carry on managing the risks in our business, whilst continuing to support our brokers, suppliers and customers with the high level of service they are used to receiving from us.”

Time Finance recently reported profit before tax (PBT) of £7.9m for the financial year ending 31 May 2025, marking a 34% rise from the prior year’s £5.9m.

The company’s lending book value increased by 8%, reaching £217.4m, and deal origination also saw a 5% rise, amounting to £96.5m.

verifi co-founder Jonathan Garnett stated: “We are delighted that Time Finance have placed their trust in verifi to help them utilise our innovative platform to improve asset inspection activities across their growing SME lending portfolio.

“We developed the platform with a singular focus to raise the bar for asset inspections across the UK asset-based lending industry. Everything we do is premised on our core value: “If better is possible, good is not enough.”

Earlier this month, Kingsley Asset Finance in the UK adopted verifi’s virtual asset inspection platform, integrating it into its digital transformation initiatives.