Equifax® (NYSE: EFX) has increased its leadership in commercial credit data solutions with the acquisition of Ansonia Credit Data (Ansonia), a leading provider of business credit, collections, and account receivable data used by financial institutions and other creditors and businesses focused on the transportation and logistics industries. Ansonia will be integrated into PayNet, an Equifax company that provides credit and analytics on small and medium enterprises (SMEs) as part of the Equifax United States Information Solutions (USIS) business unit.
Ansonia has more than $1.3 trillion in accounts receivable data from major industries across North America, a highly-regarded data asset in the transportation, logistics, and invoice factoring receivables markets. Ansonia data complements the Equifax commercial databases of small business loans, leases, and lines of credit; including the Equifax Commercial Financial Network (CFN) and PayNet database, which provide lenders with deeper insights to make more informed financing decisions.
“Small and mid-sized businesses are the lifeblood of the American economy and they rely on ease of access to capital to keep their businesses running,” said Sid Singh, president, Equifax USIS. “Integration of Ansonia into the Equifax USIS business provides us with a rich source of customized intelligence to meet the needs of capital providers who extend credit to transportation and logistics companies. Smarter insights lead to smarter decisions. We are committed to growing our commercial solutions with unique differentiated data sets – from alternative data sources to accounts receivables – to power the decisions that help businesses across industries thrive.”
Since launching in 2006, Ansonia has grown rapidly. Today, Ansonia covers seven million businesses across more than 140 industries. Each day, the Ansonia global database completes updates to 25 million accounts, worth more than $700 billion in trade accounts receivable data.
“Equifax and Ansonia are aligned on the critical role data plays in powering the main street economy,” said Tony Kinninger, Founder and President of Ansonia. “Our integration into Equifax gives us the additional resources and capabilities we need to further scale and innovate for financing teams focused on the transportation and logistics industry. This is a fast-paced sector that relies on the real-time verified data we provide. This combination will help our customers to grow, better support their clients, and improve their ability to manage risk.”