The collaboration with Experian will improve fraud prevention on PayLaterr platform and use alternative financial data like rent, utility, and subscription payments to give consumers better budgeting tools.
PayLaterr, a fast-growing platform that lets people pay essential bills in flexible installments, has announced a new partnership with Experian, a global leader in credit reporting and data services.
PayLaterr already helps thousands of people manage bills like rent, car payments, and utilities. With Experian’s tools, including advanced identity and behavioral analytics, as well as alternative credit data sources, the company will provide safer onboarding, stronger protection, and more accurate budgeting recommendations for all users by fall 2025.
The partnership will be especially beneficial for those customers without traditional credit histories, as the companies will leverage non-traditional financial data to understand users’ money habits beyond credit scores. Patterns in utility payments, rental history, and subscription behavior will help build financial profiles for users who lack traditional credit files.
Besides that, with Experian’s technology, PayLaterr will be able to spot and prevent fraud in real time using innovative identity and behavioral checks. The recent acquisition of NeuroID helped Experian to incorporate tools that analyze users’ digital behavior, such as keystrokes, mouse movements, typing speed, and form navigation. The analyzed patterns help to distinguish genuine users from malicious actors during onboarding, logins, and transactions.
Meanwhile, Experian’s identity toolset includes multiple layers of verification, such as risk assessments, step-up authentication, portfolio monitoring, and advanced analytics, to confirm user identities subtly and securely. Together, these solutions deliver proactive fraud detection with minimal friction.
“We’re excited to support PayLaterr’s commitment to financial inclusion,” said Shelleyanne Rein, VP of Partnerships at Experian. “By combining our fraud prevention and alternative data capabilities, we’re enabling safer transactions and helping more consumers manage their money with confidence.”
Akeem Egbeyemi, CEO of PayLaterr, also noted that new capabilities enable a major step forward in the company’s goal to help people take control of their financial lives.
