Entrata, a vendor of multifamily management software, announced that it had acquired Rent Dynamics, which provides resident rent reporting and financial resources that focus on economic inclusion and residential financial health.
The companies did not disclose financial terms of the deal.
Rent payment reporting to credit agencies has been seen as a way to improve credit standing of consumers. Regular timely payments reports can be accepted and noted by credit reporting agencies, helping to establish or improve an individual's credit score.
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