dv01, a top provider of online lending data, has been acquired by Fitch. According to a statement disributed by Fitch, the company has agreed to purchase a majority stake in dv01. Details on the acquisition were not provided.
Fitch is, of course, a top ratings agency that has been expanding into more data and analysis for many years. dv01 is probably the leading data management, reporting, and analytics platform for loan-level lending data from Fintech lenders.
CEO and founder of dv01 Perry Rahbar – well known in the Fintech sector, issued the following statement:
“This acquisition marks a milestone for dv01 and signals a new era for the company. Fitch’s resources will strengthen our position as a leading data intelligence company in structured finance, allowing us to deepen our footprint in current asset classes, develop new products and ultimately expand into new markets.”
dv01 will operate as a subsidiary of Fitch Solutions with the acquisition expected to close by the end of Q3. It was not immediately clear if Rahbar will continue in his leadership position with Fitch once the deal closes.
Ted Niedermayer, President of Fitch Solutions, stated:
“We are very pleased to be acquiring dv01, a best-in-class data and analytics provider to the structured finance industry. The acquisition underscores Fitch Solutions’ commitment to empowering our clients with critical insights and intelligence to identify opportunities and manage risks.”
Founded in 2014, dv01 established itself as a technological innovator in structured finance by offering both loan-level data and analytics. The company reports ongoing strong demand for its services such as Loan Data Agent for Securitizations, Portfolio Surveillance, Market Surveillance, Tape Cracker, and Credit Facility Management.
dv01 has monitored over 120 million loans, 900 securitizations, and $5 trillion in original balance across the consumer unsecured, mortgage, auto, student loans, point of sale, home efficiency, and small business asset classes. dv01 aims to offer the most comprehensive loan data library across lending markets.