PayPoint acquires a real-time credit reference agency and open banking platform

PayPoint has announced it has completed the acquisition of AperiData following a previous £1 million strategic investment. The move bolsters PayPoint’s Open Banking offering by adding Aperidata’s real-time financial assessment capabilities, making it easier for organisations to gain high quality insight into their customer’s financial circumstances when agreeing payment plans

AperiData is a real-time credit reference agency and Open Banking platform, focused on modernising the consumer credit market through the use of transaction-level data and advanced financial assessment tools.

Since first partnering in 2023, PayPoint and AperiData have worked closely to deliver innovative solutions that help organisations make faster, more accurate decisions while improving customer outcomes, including the modernisation of the Consumer Credit scoring market.

„Aperidata joining the PayPoint Group is an important step in broadening the services offered by the Digital Payments and Open Banking business unit. Combining Aperidata’s expertise in transaction categorisation and financial analysis with PayPoint’s payments platform will enable us to better support payment collection and arrears management for clients across multiple sectors, including financial services, social housing, local government, utilities and charities.” – said Simon Coles, MD for Digital Payments and Open Banking at PayPoint.