Equifax Acquires Paynet

Equifax announced late yesterday that it has acquired the small business data analytics company Paynet; Paynet provides commercial credit risk underwriting and management solutions to online and alternative lenders, and to commercial finance and leasing companies in the U.S. and Canadian markets; Bill Phelan, co-founder and President of PayNet said, “I co-founded and ran PayNet with the belief that when commercial lenders are assured of risks, they are more likely to make credit available, unlocking opportunity for small businesses. I believe this aligns perfectly with the Equifax vision.” Source.

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