PayNet acquired by Equifax

Date Closed

April 24, 2019

Lead Office

Toronto

On  April 24, 2019, Equifax Inc., a global data, analytics and technology company announced it had acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.

Equifax is a global data, analytics and technology company and believes knowledge drives progress.

PayNet, Inc., is the leading provider of credit ratings on small businesses enabling lenders to manage credit risk, grow earning assets and operate credit processes at lower cost.

McCarthy Tétrault LLP advised PayNet with a team led by Rob Hansen that included Andrea Kareclas.

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