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FT Partners Advises DataX on its Sale to Equifax

Overview of Transaction

  • DataX has been acquired by Equifax
  • Headquartered in Las Vegas, NV, DataX is one of the fastest growing alternative data credit reporting agencies, offering premier financial management solutions to businesses through a suite of advanced products focused on mitigating risk and improving profitability
  • Equifax (NYSE:EFX) uses unique data, analytics and technology to help organizations and individuals make more informed business decisions
  • Through the acquisition, DataX and its employees are now part of the Equifax Banking and Lending division

Significance of Transaction

  • DataX’s data assets complement the Equifax core credit database adding alternative credit and payment data, analytics, and identity solutions on underbanked consumers to the installment loan, rent-to-own, and lease-to-own markets
  • The acquisition of DataX also complements other unique Equifax data assets that help provide greater depth and reach to those seeking credit

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to DataX
  • This transaction highlights FT Partners’ versatility and expertise across the FinTech universe and exhibits its position as the “Advisor of Choice” to the highest quality FinTech Companies