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.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.