Time Finance and verifi to co-launch virtual inspection platform

Core Insights - Time Finance has partnered with verifi to launch a virtual asset inspection platform called "self-certifi" aimed at facilitating virtual inspections for SMEs and brokers [1][2] - The digital solution is expected to reduce reliance on physical inspections, thereby saving time and costs [1][2] - This initiative is part of Time Finance's digital enhancement strategy to refine processes, elevate customer experience, and minimize risk [2] Financial Performance - Time Finance reported a profit before tax (PBT) of £7.9 million for the financial year ending May 31, 2025, representing a 34% increase from the previous year's £5.9 million [3] - The company's lending book value increased by 8%, reaching £217.4 million, while deal origination rose by 5% to £96.5 million [3] Industry Impact - The partnership with verifi is expected to improve asset inspection activities across Time Finance's growing SME lending portfolio [4] - Verifi's platform aims to enhance asset inspections in the UK asset-based lending industry, emphasizing a commitment to continuous improvement [4]