Lending Technology acquisitions are expected to reach 49 deals in 2023 based on the first the quarters of 2023, a 31% reduction from 2022 levels. Lending companies accounted for 30% of Lending Technology acquisitions in Q1-Q3 2023, no change from 2022 figures.
Boa Vista, which offers analytics solutions to take decisions in credit and business, was the largest Lending Technology acquisition in Q1-Q3 2023 after being acquired by Equifax, a data and analytics company, for $596m. “Boa Vista Serviços is the 14th acquisition that Equifax has completed since 2021,” said Mark W. Begor, CEO of Equifax. “The combination of our companies marks an exciting new global chapter for both Equifax and Boa Vista Serviços customers and employees, expanding the Equifax International footprint in the large and fast-growing $2 billion Brazilian total addressable market. We believe that more data drives better decisions, and this merger offers Boa Vista Serviços access to our global capabilities and cloud-native data, products, decisioning and analytical technology for the rapid development of new products and services and expansion into new vertical industries. I am energized to welcome Márcio Fabbris and Boa Vista Serviços to the Equifax team!”
