LITTLETON, Colo. -

GPS-based technology solution provider PassTime USA broadened a foreign partnership that goes back six years with the Car Finance Co., an alternative finance lender based in the United Kingdom.

Officials highlighted the exclusive agreement brokered this week between the two companies will bring 70,000 payment assurance and telematics devices to Europe.

“PassTime has been supplying payment assurance and GPS devices to the Car Finance Co. since 2009, and it is been a real pleasure to work with a company that recognizes the quality and features of the products that PassTime designs and distributes worldwide,” PassTime founder and chief executive officer Stan Schwarz said.

“We are looking forward to supporting the Car Finance Co.’s continued growth in the U.K. markets, and we also have just finalized a distribution agreement with them for additional expansion into additional European markets which is very exciting,” Schwarz continued.

The Car Finance Co., based in Portsmouth, U.K., was founded in 2007 to provide financing to individuals with poor credit.  The company has claimed 18 industry awards since 2011.  

“We have enjoyed a long-term relationship with PassTime, and it gives me great pleasure to sign a long term contract with the pioneers of this technology and we look forward to a prosperous and continued high growth future together,” Car Finance Co. managing director and founder Mark Smith said.