NYC real estate data firm Actovia salvages competitor CrediFi from the scrap heap

Just a few weeks ago, it looked like CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, was mere days from shutting down. Now, it looks like the company has been saved from the chopping block, at least in some form, by one of its competitors no less. Actovia, which bills itself as New York City region’s leading provider of commercial real estate intelligence and data, announced this week that it has purchased CrediFi as part of an effort to expand beyond the NYC area. The acquisition of CrediFi, which was launched in 2014, enhances Actovia’s already-powerful information-gathering capabilities and greatly broadens the geographical scope of its operations, the company said in a release.

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