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