Urjanet, an Atlanta-based utility account aggregator, has raised a $14.65 million Series D round from local credit bureau Equifax, along with existing investors Oak HC/FT, Pete Kight, Grotech Ventures and Correlation Ventures.
The funding will be used to support the growth and adoption of the Urjanet platform for consumer and commercial use and the launch of new products for digital, automated workstreams, according to a news release.
“With the Equifax investment in Urjanet, we are emphasizing the importance of both alternative data sources and digital payment experiences in the financial health of consumers and businesses,” Sid Singh, president of United States Information Solutions at Equifax, said in a statement. “Erasing the problem of thin credit files or credit invisibility requires businesses to understand that consumers are more than a credit score. Giving people the ability to easily share their utility payment history can result in better loan and service decisioning and expanded access to credit – something that has become even more critical in the wake of COVID-19.”