Equifax Expands Into Dominican Republic

March 15, 2022

EQUIFAX HAS EXPANDED ITS INTERNATIONAL PRESENCE with the acquisition of Data-Crédito, the largest consumer credit reporting agency in the Dominican Republic. 

“We are reinvesting our free cash flow in strategic, bolt-on M&A that expands our global presence and capabilities while staying true to our company purpose – helping people to live their financial best,” said Mark W. Begor, CEO of Equifax. 

By bringing the power of the Equifax Cloud™ to credit reporting and scoring in the Dominican Republic, Equifax will enable financial institutions to gain new insights into consumers’ financial profiles as part of the lending process, helping them to responsibly open up new mainstream financial services opportunities to underbanked individuals. 

Begor continued: “Including Data-Credito, we have completed 11 acquisitions totaling more than $3 billion in the past 18 months that strengthen and broaden Equifax. More data helps our customers drive better decisions for consumers. With the acquisition of Data-Crédito, we will bring powerful new
insights to lenders and service providers that can help them better understand their customers. Nearly half of the 10 million people in the Dominican Republic are unbanked or underbanked, making Data-Crédito critical to opening new opportunities.”

Founded in 1998, Data-Crédito provides consumer credit bureau services, analytics and scores. More than 4,000 organizations in Latin America are current Data-Crédito customers. And, the company’s established value proposition and experienced local team of 170 employees sets a strong foundation for Equifax to increase business leadership in risk analysis, decisioning, and fraud prevention platforms in the Dominican market.  

Chris Jones, Equifax Latin America (LATAM) President, further commented on the innovation-driven strategy executed in the LATAM region: "We have transformed the markets where Equifax operates by combining our unique data, analytics and technology and we will now bring this expertise and comprehensive solution set to the Dominican Republic. This is a bridge to the Caribbean that will allow Equifax to connect and stay close to strategic regional clients and to better serve our consumers.”

Since the beginning of 2021, Equifax has invested more than $3 billion in strategic acquisitions to strengthen the company for the future. The acquisition of Data-Crédito is not anticipated to have a material impact on Equifax’s 2022 financial results.